The Future of RWAs

The RWA narrative targets trillions on chain — treasuries proved demand exists; scaling to full bond, equity, and credit markets requires legal clarity, bank participation, and interoperable identity. Hype and progress will diverge for years.

Watch for bank-issued tokenized deposits, clearer frameworks in major jurisdictions, and savings products that route retail capital into regulated RWA wrappers without exposing users to raw DeFi complexity.

Everything tradable may eventually have a token representation — but legacy systems persist for decades alongside chain-native assets. The critical lens: ask where friction actually drops, not whether a press release mentions blockchain.