What is RWA?
Last reviewed 2026-05-03
Used by: Midas RWA, Aave Horizon RWA, Plume Network
Entity coverage: 2 protocols, 3 tokens, 0 chains reference this concept.
Cite / Read deeper: DeFi Intel rwa tokenization deep-dive
RWA refers to tokenized off-chain assets: US treasuries, money-market funds, real estate, private credit, commodities, equities. The fastest-growing crypto narrative — BlackRock BUIDL, Ondo USDY, Maple syrupUSDC, Centrifuge, RealT.
How it works
RWA refers to tokenized off-chain assets: US treasuries, money-market funds, real estate, private credit, commodities, equities. The fastest-growing crypto narrative — BlackRock BUIDL, Ondo USDY, Maple syrupUSDC, Centrifuge, RealT.
For deeper protocol-level mechanics, see the related glossary terms below or the linked DeFi Intel topic deep-dive.
Why it matters
RWAs bring TradFi yield ($T+ markets) on-chain, where they can serve as DeFi collateral, stablecoin reserves, and payment rails.
Real-world examples
BlackRock BUIDL ($500M+, treasuries), Ondo USDY/OUSG, Franklin BENJI, Centrifuge (private credit), Maple syrupUSDC, MakerDAO RWA vaults.
Related terms
Go deeper
Read the full DeFi Intel topic deep-dive or browse the complete crypto glossary.
RWA Tokenization deep-dive Browse Glossary