RWA TVL Hits New ATH in November On-chain tokenized Real World Assets (RWA) TVL has reached $2.979B (+10% MoM), with 539K unique holders () Highlights: Tokenized U.S. Treasuries: $6-8B segment, with $1B+ value surged in the last 30 days alone Private credit: $12-13B dominant category Top Protocols: BlackRock #BUIDL: Leading Treasuries tokenization with $2.5-2.9B AUM (40%+ market share), now multi-chain #Ondo Finance: TVL exceeds $1.3B, driving yield-bearing stablecoins (e.g. USDY) #Centrifuge: TVL crosses $1B, focused on private credit & invoice financing — total assets tokenized >$8B

Product design Dual-rail model prevailing: Institutions favor private/permissioned chains for control & compliance, while using wrappers (e.g. #ERC8004) to bridge liquidity to public chains Growing #DeFi composability: RWAs increasingly used as collateral in #Aave, #MakerDAO, etc. — unlocking fixed-yield + leverage, though KYC/whitelisting remains standard Trend Boston Consulting Group & Standard Chartered forecast RWA market reaching $16-30T by 2030 (~10% of global assets). Expect accelerated tokenization of equities, real estate, and broader credit products in 2026+ as traditional giants migrate bonds & #illiquid assets on-chain. Centralization vs. Regulatory clarity will remain key variables shaping the pace of adoption. #RWA #Tokenization #DeFi #credit #tradefi