Real-world asset (RWA) tokenization is transforming how we invest in traditional financial instruments. By converting physical or legal assets—like real estate, bonds, art, and equities—into digital tokens on a blockchain, RWA projects are unlocking unprecedented access, liquidity, and efficiency in global markets.
With major financial institutions like BlackRock entering the space, the momentum behind asset tokenization is accelerating. According to a study by Roland Berger, the tokenized asset market could surpass $10 trillion by 2030, driven by innovations in real estate, private equity, commodities, and digital bonds.
This article explores 12 leading RWA tokenization projects that are shaping the future of decentralized finance (DeFi) and bridging traditional finance (TradFi) with blockchain technology. These platforms offer diverse opportunities—from fractional property ownership to yield-bearing treasury tokens—while ensuring regulatory compliance, transparency, and global accessibility.
What Is RWA Tokenization?
RWA tokenization involves representing tangible or legally recognized assets as blockchain-based tokens. These tokens can be traded, fractionalized, and programmatically managed, enabling faster settlements, reduced intermediaries, and 24/7 market access.
For instance, an investor in Asia can now purchase a fraction of a New York apartment or U.S. Treasury bond without relying on brokers or complex cross-border banking systems—all through a secure, transparent blockchain platform.
👉 Discover how blockchain is reshaping traditional finance with real-time asset access.
Top RWA Tokenization Projects in 2025
Backed Finance
Backed Finance is a DeFi-integrated platform that brings traditional fixed-income assets like government and corporate bonds onto the blockchain. It offers tokenized equity products such as bCOIN, an ERC-20 token backed by shares of Coinbase Global Inc.
All tokens on Backed Finance are 1:1 backed by real securities, ensuring full collateralization. Users must complete KYC/AML verification via SumSub to access the platform, maintaining regulatory compliance while enabling seamless exposure to tokenized equities and bonds.
This project stands out for combining institutional-grade assets with decentralized infrastructure, appealing to both retail and professional investors.
Centrifuge
Centrifuge enables the tokenization of diverse real-world assets—including invoices, real estate, and trade receivables—by converting them into non-fungible tokens (NFTs). Its flagship product, Tinlake, allows originators to create pools of tokenized assets that investors can participate in.
Investors buy two types of tokens:
- DROP: Senior tranche with lower risk and stable returns.
- TIN: Junior tranche with higher risk but potentially greater yield.
By leveraging smart contracts and decentralized governance, Centrifuge bridges small businesses needing capital with global liquidity providers—offering a new model for invoice financing and asset-backed lending.
Lofty
Lofty leverages the Algorand blockchain to enable fractional real estate investment in the United States. Investors can purchase property tokens starting at just $50, earning daily rental income proportional to their stake.
Properties are fully owned by Lofty, which handles management, maintenance, and tenant relations. Ownership value appreciates with the property’s market price, and there's no lock-up period—investors can sell their stake anytime on the secondary marketplace.
All transactions occur in USDC, enhancing stability and reducing volatility. Lofty exemplifies how blockchain can democratize access to high-value real estate markets.
👉 Start exploring tokenized real estate opportunities with low entry barriers.
Mantra
Mantra is a Layer-1 blockchain built specifically for regulated RWA tokenization. It supports compliance features like KYC, KYB (Know Your Business), AML screening, and transaction monitoring—making it ideal for institutions seeking secure, compliant asset issuance.
Developers and enterprises can use Mantra’s framework to tokenize assets such as private equity, commodities, or intellectual property. The platform also hosts MANTRA DEX, a cross-chain DeFi hub within the Cosmos ecosystem that facilitates trading of tokenized RWAs across multiple blockchains.
With strong regulatory alignment and developer tools, Mantra is positioning itself as a go-to chain for compliant DeFi innovation.
Maple Finance
Maple Finance is redefining institutional credit markets by enabling permissioned lending pools on-chain. It partners with credit specialists like AQRU to manage loan portfolios backed by real-world assets such as tax receivables.
One of its key offerings is the Cash Management Pool, which provides exposure to U.S. Treasury bills. Lenders deposit USDC (minimum $500,000) and earn up to 10% APY with a 45-day lock-up period after passing AML checks.
By combining DeFi efficiency with traditional underwriting expertise, Maple Finance delivers institutional-grade yield products with enhanced transparency and auditability.
Matrixdock
Matrixdock offers STBT tokens, which are 1:1 USD-pegged digital assets representing U.S. Treasury securities. Built on Ethereum with Chainlink integration, STBT distributes daily interest and allows users to mint or redeem tokens instantly.
The platform uses an orphan SPV (Special Purpose Vehicle) structure—a standard in traditional finance—to legally isolate asset ownership and ensure investor protection. This approach enhances trust and regulatory clarity.
Matrixdock plans to expand its suite of tokenized RWAs, aiming to unlock broader investment avenues in fixed income and structured products.
Ondo Finance
Ondo Finance leads the RWA space with products like OUSG, a tokenized fund offering exposure to short-term U.S. Treasuries. Designed for low risk and high liquidity, OUSG is backed primarily by BUIDL, BlackRock’s tokenized treasury fund.
Users deposit USDC to receive fund tokens and can redeem them later for USDC, which are then burned. Additional holdings include bank deposits and BlackRock’s TFDXX fund.
Ondo also offers USDY, a yield-bearing token backed by bank demand deposits and short-term Treasuries—available to institutional and non-U.S. investors after a 40-day holding period.
Ondo’s partnership with BlackRock underscores its role in mainstreaming tokenized asset adoption.
OpenEden
OpenEden provides access to tokenized U.S. Treasury Bills through its TBILL vault. Users deposit USDC to mint TBILL tokens, which represent proportional ownership in an on-chain pool invested in short-dated T-Bills.
A portion of USDC is kept on-chain for instant withdrawals, improving liquidity. All users must complete KYC verification before participation, ensuring regulatory adherence.
OpenEden’s simple, yield-focused model makes it accessible for crypto-native investors seeking safe-haven returns during volatile markets.
Pendle
Pendle introduces a novel concept: yield tokenization. It separates future yield from yield-bearing assets like stETH or fUSDC into tradable components:
- Ownership Tokens (OT): Represent principal value.
- Yield Tokens (YT): Represent future yield streams.
This allows investors to speculate on or hedge against future yields. Pendle integrates both DeFi-native and TradFi-derived yields—such as those from Ondo’s treasury products—bridging two financial worlds seamlessly.
Its innovative design attracts sophisticated traders looking for advanced yield strategies.
Polymesh
Polymesh is a permissioned blockchain tailored for security tokens—digital representations of regulated financial instruments. It supports issuance, settlement, and governance of assets like equities, bonds, and funds.
Powered by its native token POLYX, Polymesh enables identity management, compliance automation, and on-chain voting. The platform simplifies capital market operations for issuers while ensuring regulatory alignment across jurisdictions.
Polymesh is ideal for institutions aiming to tokenize assets without compromising legal or operational integrity.
Swarm
Swarm is a DeFi infrastructure platform enabling tokenized stocks and bonds using the Balancer Protocol and Automated Market Making (AMM). Tokenized stocks are 100% backed by real shares and audited by global firms for transparency.
On the bond side, users can invest in U.S. Treasury Bond ETFs with maturities from 0–3 years. These tokens are issued on the Polygon network, reducing fees and increasing scalability.
Swarm combines institutional backing with decentralized trading mechanics, offering a hybrid approach to digital securities.
TokenFi
TokenFi empowers users to tokenize RWAs without writing code through a simple WYSIWYG interface. Controlled by Floki DAO and powered by the $TOKEN utility token, it supports ERC-20 and BEP-20 standards.
Its RWA Tokenization Module enables quick deployment of asset-backed tokens—especially useful for non-security assets like loyalty points, royalties, or physical goods.
By focusing on non-regulated assets, TokenFi lowers legal barriers and accelerates adoption among creators and SMEs.
👉 See how easy it is to tokenize your first real-world asset today.
Frequently Asked Questions (FAQ)
Q: What are real-world assets (RWAs)?
A: RWAs are physical or legally recognized assets such as real estate, bonds, stocks, commodities, or private equity that can be represented as digital tokens on a blockchain.
Q: Why tokenize real-world assets?
A: Tokenization increases liquidity, reduces transaction costs, enables fractional ownership, ensures transparent record-keeping, and opens global access to previously illiquid markets.
Q: Are RWA tokens regulated?
A: Many RWA platforms comply with KYC/AML regulations and use legal structures like SPVs to ensure investor protection. However, regulatory status varies by jurisdiction and asset type.
Q: Can I earn passive income from RWA tokens?
A: Yes—many RWA projects distribute yields via rental income (e.g., Lofty), interest from treasuries (e.g., Ondo, Matrixdock), or bond coupons (e.g., Swarm).
Q: How do I start investing in RWA projects?
A: Begin by researching platforms like Ondo Finance or Centrifuge, completing required KYC processes, and depositing stablecoins like USDC to purchase tokens.
Q: Is RWA tokenization secure?
A: Security depends on the platform’s architecture, custody solutions, audit history, and compliance measures. Always verify third-party audits and collateral backing before investing.
Final Thoughts
The rise of RWA tokenization marks a pivotal shift in finance—merging the reliability of traditional assets with the innovation of blockchain technology. As giants like BlackRock enter the space and platforms improve compliance and accessibility, these projects are paving the way for mass adoption.
From earning daily rental yields on U.S. homes via Lofty to accessing U.S. Treasuries through Ondo Finance or Pendle, investors now have more options than ever to diversify into secure, yield-generating assets—all within a decentralized environment.
The future of finance isn’t just digital—it’s tokenized.
Core Keywords: RWA tokenization, real-world assets, DeFi investing, tokenized real estate, U.S. Treasury tokens, blockchain finance, fractional ownership, asset-backed tokens