According to DeFiLlama’s latest data, tokenized real-world assets (RWAs) have reached a total market value of $10 billion. In this category, notable projects include Maker, BlackRock’s BUIDL product, and Ethena’s USDtb, each boasting over $1 billion in total locked value (TVL). A shift towards lower-risk and safer assets among investors is identified as a key factor driving this growth, particularly highlighted by the rapid expansion of USDtb in the last month.
Remarkable Growth in Real-World Assets
Data compiled by DeFiLlama shows that products based on real-world assets, including tokenized bonds, money market funds, and commodities, are witnessing rapid growth. In just the past month, USDtb experienced a staggering 1,000% growth, marking the fastest ascent in its category. This surge reflects a trend of investors seeking safer havens amidst uncertainties in the cryptocurrency market.
USDtb is supported by tokenized money market funds managed by BlackRock. Ethena’s offering, USDe, provides a different approach with strategies involving crypto assets and perpetual futures. Both products have attracted significant investor interest, achieving over $1 billion in TVL.
Investors Flock to Safe Havens
The data indicates that investors are behaving more cautiously under current market conditions. Amid a decline in risk appetite within the cryptocurrency market, tokenized traditional assets have become increasingly appealing. Market observers note a trend toward more protected and regulated alternatives in investors’ pursuit of returns.
As interest in high-yield but risky projects in DeFi protocols decreases, tokenized products based on U.S. Treasury bonds are seen as an alternative revenue source. This strategy emerges as a significant approach for investors aiming to create a more balanced portfolio.
The increasing preference for tokenized real-world assets during periods of volatility in the cryptocurrency market suggests that this category is establishing itself as a lasting investment vehicle. Particularly, these products, which are more aligned with regulatory frameworks, are becoming attractive to large institutional investors.