The RWA industry has experienced a 600% growth since 2023. My Tier List of RWA protocols đŸ§” âž» ➣ Bull 🐂 @Securitize: The largest tokenization platform by onchain RWA value, it's behind BlackRock’s BUIDL ($2.38b AUM) and handles $1b+ in monthly transfer volume. @OndoFinance: Clear product–market fit with tokenized treasuries: OUSG (mostly for institutions) and USDY as a yield-bearing dollar for retail. Real revenue-generating protocol with $55m in annualized fees. @maplefinance: Onchain credit protocol at institutional scale with syrupUSDC (yield-bearing dollar) integrating across DeFi, adding instant-liquidity rails. Its TVL is up nearly 30x YTD: $100m -> $3b. @centrifuge: It builds Infrastructure for tokenized financial products, such as private credit, funds, etc. It experienced a reboot recently, and its TVL is up more than 10x in 2025. ➣ Crab 🩀 @FTDA_US: BENJI is one of the leading US government money-market funds onchain. It combines mainstream MMF access with TradFi...
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