Real-World Assets Tokenization Surges Past $10B, Elevating Maker and BUIDL Profiles

Data curated by DeFiLlama shows that the tokenization of real-world assets (RWAs) has surpassed $10 billion in total value locked (TVL). Among the key projects driving this growth are Maker and BlackRock’s BUIDL, each with over $1 billion in TVL. While USDtb, a stablecoin, experienced a staggering 1000% TVL growth in the last month, the focus on Maker and BUIDL underscores a trend where innovative non-stable protocols are attracting institutional interest. The data also highlights the rise of treasury-backed tokens and tokenized commodities, with Paxos Gold leading the latter segment at over $500 million TVL. Analysts interpret these developments as a sign that investors are seeking safer yields amid a generally bearish crypto sentiment, favoring assets that mimic the performance of T-bills compared to more volatile yields from major DeFi protocols. This broad adoption of real-world asset tokenization indicates a maturing market where traditional finance and blockchain technology are increasingly interlinked, setting a foundation that could reshape capital flows in the crypto ecosystem.