🧩 Capital is flowing into tokenized Treasuries, gold, and asset-backed credit, but it is the last that is used in DeFi most

🧩 Capital is flowing into tokenized Treasuries, gold, and asset-backed credit, but it is the last that is used in DeFi most Tokenized real-world assets (RWAs) are blockchain tokens representing claims on off-chain assets such as US Treasuries, gold or private credit. With DeFi lending (Aave, Morpho) it is possible to use these tokens as collateral to borrow stablecoins. According to Crypto Briefing, over 20% of tokenized private credit is used as collateral. 📊 Size by category 1️⃣ Tokenized US Treasuries: ~$15.6B to $17.8B, the largest category. BlackRock's BUIDL accounts for ~$2.5B. 2️⃣ Asset-backed and private credit: ~$7B to $8B. 3️⃣ Tokenized gold: ~$5.4B. Onchain ounces rose 73% year over year to 36 tonnes. 🔍 Usage in DeFi differs by category. - In August 2026, only ~0.006% of cash equivalents and Treasury supplies were traded, indicating holding rather than trading. - Of tokenized credit, 19-21% is used as collateral in lending protocols, against near-zero for cash equivalents. - During the March 2026 drawdown in gold, tokenized Treasuries received ~$1.47B of inflows. ⚠️ Holdings are often concentrated among crypto-native entities and a small number of issuers. 💡 The category most used in DeFi lending is tokenized credit. Due diligence on RWA collateral therefore concentrates on credit: its redemption terms and who is liable for the underlying loans. If you are assessing RWA collateral or redemption terms for lending markets, I'd like to compare notes - DM me.

• Capital is flowing into tokenized Treasuries, gold, and asset-backed credit, with Treasuries being the largest category by market size.
• Tokenized credit stands out for its significant use as collateral in DeFi lending protocols, unlike tokenized Treasuries or gold which are primarily held.
• Due diligence for RWA collateral in DeFi lending primarily focuses on the credit aspects, including redemption terms and liability for underlying loans.

Topics: Asset types, Integration with defi, Institutional adoption, Financial instruments, Rwa collateral lending, Asset manager initiatives

Tags: #tokenizedtreasuries #tokenizedgold #tokenizedcredit #defi #collateral #aave #morpho #blackrockbuidl #assetbackedcredit

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