$30 billion in real world assets are now on-chain.

Here is exactly where that money is sitting as of June 26, 2026.
US Treasury Debt: $14.8B Commodities: $4.5B Asset-Backed Credit: $2.2B Specialty Finance: $1.7B Stocks: $1.5B
Treasury debt alone is nearly half the entire market.
That is not a crypto native audience buying this.
That is institutional capital using blockchain rails to hold the same assets they have always held, just more efficiently.
This is the part of the RWA story most people miss.
The first wave was always going to be the safest, most liquid, most regulated asset class in the world.
US Treasuries. Once that infrastructure proved itself, everything else followed. Commodities. Credit. Equities. Private markets.
That is exactly what this chart shows.
The stack building layer by layer from the most trusted asset downward.
$ONDO is building the compliance and settlement layer underneath all of it.
The question is not whether RWA tokenisation is real.
The question is who owns the infrastructure when the next $270 billion arrives on-chain.
The crowns were never up for debate.