Real-World Assets: Bringing TradFi Onchain
Mapping the Growth of RWAs and Institutional Adoption
Data snapshot: June 2026. Figures are preserved from the published report and are not live market data.
“Not all RWAs are the same. Some are just synthetic representations of these assets, but give no rights to holders.”
▮ The numbers that matter
Executive Summary
The tokenised RWA market stood at $28.2 billion in June 2026, but only about $3 billion was active in DeFi. The report maps asset classes, issuers, legal structures, redemption systems and DeFi integrations to show where tokenisation creates usable onchain capital and where holders still depend on offchain claims and restrictions.
Key findings
- 01Tokenised RWAs stood at $28.2 billion, up from $4.3 billion in January 2025, with a peak of $31.8 billion.
- 02Only about $3 billion, or 10% of the category, was active in DeFi because of access controls, KYC requirements and redemption constraints.
- 03Public debt represented more than $17 billion, while private credit reached $4.23 billion with a 52% DeFi utilisation rate.
Covered in the report
Inside
- 01Executive Summary
- 02RWAs: The Uncorrelated Growing Category
- 03Understanding RWAs and Their Classification
- 04Growing Class of Asset Issuers
- 05Composable TradFi: RWAs in DeFi
- 06The Regulatory Push and Legal Rights
- 07Future Outlook
Method and Data Boundary
Castle and TokenizeThis classify RWAs by asset type, issuer, legal claim, redemption path and DeFi use. The June 2026 snapshot combines public market dashboards, protocol records and product documentation, then separates total tokenised value from assets actively deployed in DeFi.
- Published
- June 2026
- Data snapshot
- June 2026
More on this topic: Market Structure & Capital Flows