Prices down? Sentiment down? Volume down? RWAs ignored all of it and became crypto’s fastest-growing vertical. These 10 platforms are leading the charge right now. 👇 ------------------------ 1. @falconstable is a leading collateral infrastructure platform in the RWA space, with more than 9,000 holders and over $1.52B in monthly onchain transfer volume. The majority of activity sits on Ethereum, which currently represents about $2.1B in tokenized assets, mainly stablecoins. Users can lock assets to mint USDf, a fully collateralized synthetic dollar, while the platform deploys collateral into risk-managed, yield-generating strategies. This allows assets such as tokenized U.S. Treasuries, gold, stocks, and other regulated and non-regulated RWAs to unlock liquidity without being sold. ------------------------ 2. @xstocksfi issued by Backed Finance, is bringing traditional markets onchain by offering fully collateralized tokens that track major financial instruments such as U.S. Treasuries, corporate bonds and leading equities including Tesla, Apple, NVIDIA, Microsoft and many more. These assets are issued under Swiss and Liechtenstein DLT regulations and are fully backed by the underlying securities, giving users compliant, transparent exposure to real financial markets directly within the blockchain ecosystem. The platform has seen strong growth, with over 92,000 holders and more than $788M in monthly transfer volume. Distributed tokenized value now stands at $176M across 71 different onchain RWAs, with activity expanding across multiple networks. Solana currently leads with over $125M in assets and more than 70% of total value, followed by Ethereum, Gnosis and Avalanche. xStocks makes regulated financial instruments as easy to hold and use as digital assets. Investors can trade them onchain or through centralized exchanges, integrate them into DeFi strategies, or use them as collateral where supported. ------------------------ 3. @anzenfinance is the issuer of USDz, an on-chain dollar backed by overcollateralized, cash-flowing real-world assets. USDz is designed to be permissionless, composable, and usable across DeFi, with the option to stake and earn rewards, making it a practical bridge between stable value and productive onchain deployment. The ecosystem continues to show healthy engagement, with more than 1,200 holders and growing onchain participation. Monthly active addresses increased, reflecting consistent user involvement and usage across the protocol. USDz is primarily deployed on Base, where over $107M in value is represented, giving the network a strong foundation and accounting for the majority of total assets. ------------------------ 4. @mystic_finance is an RWA money market built on Plume, enabling users to lend, borrow, and leverage real-world and digital assets seamlessly. With $26.7M in total deposits, $10.4M borrowed, and $5.2M in available liquidity, Mystic Finance demonstrates strong onchain engagement and capital efficiency. Users can supply assets to earn interest, borrow against collateral to unlock liquidity, or leverage their holdings to multiply earnings. The protocol also supports staking of PLUME, Plume’s native token, with stPLUME enabling further composability across the DeFi ecosystem. Strategic risk management is provided by Cicada, monitoring both DeFi and RWA risk to maintain a secure and reliable environment. ------------------------ 5. @mantra_chain is a purpose-built Layer 1 blockchain designed specifically for real-world assets, giving developers, institutions and users a regulated-ready environment for RWA tokenization. Its native token, OM, unlocks participation across the ecosystem, supporting governance, transactions and incentives for users and builders. The platform continues to grow steadily, with over $117M in represented asset value and increasing adoption across both RWA and stablecoin users. MANTRA now supports more than 2,500 RWA holders and over 5,400 stablecoin holders, with both metrics trending upward. Its distributed asset value has also risen, and the ecosystem now includes nine different onchain RWAs. MANTRA creates a foundation where tokenized real-world assets can move with the same efficiency as digital-native assets. ------------------------ 6. @openeden_x is a regulated digital asset issuer licensed by the Bermuda Monetary Authority, enabling the issuance, sale and redemption of tokenized real-world assets in a fully compliant framework. As a wholly owned subsidiary of OpenEden Group, OED combines regulatory rigor with blockchain innovation to bring traditional financial assets onchain efficiently and transparently. The platform has over $205M in tokenized U.S. Treasuries represented across multiple networks, with 337 holders actively participating in the ecosystem. Monthly transfer volumes have exceeded $94M, and activity spans Ethereum, XRP Ledger, Arbitrum, Solana, and Base, highlighting broad network adoption and onchain reach. OpenEden makes regulated assets accessible and usable onchain, allowing holders to integrate tokenized Treasuries into decentralized strategies while maintaining full compliance. ------------------------ 7. @Brickken is an enterprise-grade tokenization platform providing secure, compliant, and scalable infrastructure to issue, manage, and trade real-world assets. Designed for businesses across industries, Brickken unifies issuance, compliance, and lifecycle management in a single platform, enabling enterprises to tokenize assets such as equity, bonds, loans, real estate, and intellectual property while remaining fully compliant with European MiCA and the DLT Pilot Regime. The platform has facilitated over $300M in total tokenized value, serving clients across more than 16 countries. Its infrastructure supports no-code issuance, integrated KYC/KYB, and seamless onboarding, allowing organizations to accelerate capital raises, unlock liquidity, and manage investors efficiently. Its all-in-one platform enables companies to unlock new investment opportunities, attract global investors, and deploy real-world assets into onchain markets efficiently, securely, and at scale. ------------------------ 8. @MidasRWA is an institutional-grade tokenization platform creating sophisticated financial products for the open web. Its ERC-20 tokens are designed to track dedicated investment strategies with verifiable on-chain performance, combining traditional finance standards with the flexibility and composability of DeFi. Midas is backed by top investors, including Framework Ventures, BlockTower Capital, and GSR, and partners with regulated custodians to ensure secure and compliant operations. The platform currently manages $163.4M in distributed asset value across three real-world assets, with 3,116 holders actively participating in the ecosystem. Monthly transfer volume has reached $247.4M, reflecting strong engagement and liquidity. Key products include mF-ONE, a German institutional fund; mTBILL, tokenized U.S. Treasuries under the German Electronic Securities Act; and mBASIS, an actively managed strategy, all built on Ethereum and Plume networks. ------------------------ 9. @onrefinance brings returns from the $750B+ global reinsurance market into the crypto ecosystem, unlocking a new class of uncorrelated, real-world yield for on-chain investors. Licensed to accept digital assets as collateral for underwriting reinsurance, OnRe delivers scalable, consistent returns to crypto markets through its innovative reinsurance pool denominated in sUSDe. The platform currently manages $104.66M in distributed asset value, with 3,075 holders participating actively. Monthly transfer volume has reached $299.37M, while 2,848 addresses are actively engaging with the protocol, reflecting strong adoption and liquidity. OnRe’s flagship asset, ONyc, is an institutional fund built on Solana, fully regulated under the Bermuda Monetary Authority’s Digital Asset Business Act (DABA) 2018. ------------------------ 10. @Theo_Network is a specialized onchain platform offering institutional-grade tokenized U.S. Treasury products. Its flagship asset, thBILL, is a basket of short-duration U.S. Treasury bills sourced from regulated issuers, designed as a foundational, yield-bearing component within the Theo ecosystem. Optimized for consistent performance across market conditions, thBILL provides investors with secure, transparent, and accessible exposure to U.S. Treasuries. The $thBILL fund currently holds a total asset value of $184.1M, with a net asset value of $1.01 and 287 active holders. Over the past 30 days, the fund has seen impressive growth, including a 50.8% increase in total asset value and a 28.7% increase in holders. Monthly transfer volumes exceed $247M, highlighting strong onchain engagement and liquidity. Designed for institutional and non-U.S. accredited investors, thBILL features zero management or performance fees, fully transparent operations, and a secure ERC-20 token structure on Ethereum. 𝘞𝘩𝘪𝘤𝘩 𝘰𝘧 𝘵𝘩𝘦𝘮 𝘪𝘴 𝘺𝘰𝘶𝘳 𝘧𝘢𝘷𝘰𝘳𝘪𝘵𝘦?👇