LIVE · RWA
Tether Gold$3.40B 0.9%
BlackRock BUIDL$3.04B 3.5%
Circle USYC$2.82B 5.7%
Ondo Yield Assets$2.78B 0.4%
Paxos Gold$2.36B 3.1%
Centrifuge Protocol$1.99B 11.0%
Anemoy Capital$1.52B 14.8%
Spiko$1.23B 6.7%
WisdomTree$871.5M 1.1%
Ethena USDtb$869.2M 0.4%
Ondo Global Markets$810.0M 7.7%
Blockchain Capital$754.1M 0.4%
Superstate USTB$697.0M 5.3%
xStocks$394.2M 7.1%
Hastra$370.5M 3.5%
USD AI$301.5M 8.5%
Aave Horizon RWA$255.2M 0.9%
Midas RWA$210.8M 1.6%
DigiFT$204.9M 4.3%
GAIB$201.9M 0.0%
Tether Gold$3.40B 0.9%
BlackRock BUIDL$3.04B 3.5%
Circle USYC$2.82B 5.7%
Ondo Yield Assets$2.78B 0.4%
Paxos Gold$2.36B 3.1%
Centrifuge Protocol$1.99B 11.0%
Anemoy Capital$1.52B 14.8%
Spiko$1.23B 6.7%
WisdomTree$871.5M 1.1%
Ethena USDtb$869.2M 0.4%
Ondo Global Markets$810.0M 7.7%
Blockchain Capital$754.1M 0.4%
Superstate USTB$697.0M 5.3%
xStocks$394.2M 7.1%
Hastra$370.5M 3.5%
USD AI$301.5M 8.5%
Aave Horizon RWA$255.2M 0.9%
Midas RWA$210.8M 1.6%
DigiFT$204.9M 4.3%
GAIB$201.9M 0.0%
RWA for Main Street

The yields Wall Street kept to itself.
Now on Main Street.

BlackRock, Franklin Templeton, Hamilton Lane — the biggest names in finance have already tokenized their best products. We surface the ones retail wallets can actually buy, and explain the rest in real English.

Curated, not comprehensive — the platforms worth knowing, with every minimum made obvious.
On-Chain RWA Value
$28.0B
+3.3% this week
People Already In
721K+
Retail + institutional
Yields Available
4–10%
APY, paid on-chain
Cheapest Way In
$5
Pax Gold (PAXG)
Live data · DeFiLlama · 159 RWA protocols tracked · updated 09:10 AM

The RWA market, visualized.

Three years ago this was a rounding error. Now it's live-tracking 159protocols across chains. Here's what that looks like — and why the yields you'll see below aren't a typo.

On-chain RWA value over time
Live · top 10 protocols aggregated · 36 months of history
Category mix over time
Stacked · What's driving the $29B
What's in the $28.0B?
Live · classified from 159 RWA protocols
Top 10 platforms by TVL
Live · DeFiLlama · color-coded by category
Yields vs the alternatives
Where your dollar actually works hardest
$100 invested in Jan 2023
RWA vs Bitcoin, S&P 500, savings · indexed

What can I buy with...

rwa.xyz lists every platform. Most are gated at $100K+. Here's what's actually open to you — at your budget.

I have
or custom
With $5.0K, you can access 9 of 12 platforms. Best yield available: Maple Finance at 9.5% → projected $475/year.

12 platforms worth knowing.

Curated, not comprehensive. What each one holds, what it pays, and whether you're even allowed in. No asterisks.

Treasuries

Franklin BENJI

Franklin Templeton
U.S. Treasuries, repackaged. One of the most retail-accessible Treasury tokens on the market.
APY
5.1%
Minimum
$20
Treasuries

Ondo USDY

Ondo Finance
Yield-bearing token backed by short-term Treasuries. For non-U.S. investors.
APY
5.0%
Minimum
$500
Treasuries

Ondo OUSG

Ondo Finance
The institutional version. Direct short-term Treasury exposure for qualified buyers.
APY
5.2%
Minimum
$100K
Treasuries

BlackRock BUIDL

BlackRock / Securitize
The largest tokenized Treasury fund in the world. Institutional for now, but sets the standard everyone else follows.
APY
5.0%
Minimum
$5M
Real Estate

RealT

RealT
Fractional rental properties in Detroit, Cleveland, Chicago. Rent paid straight to your wallet.
APY
8.5%
Minimum
$50
Real Estate

Lofty

Lofty AI
Tokenized U.S. rental homes on Algorand. Daily rent payouts.
APY
7.8%
Minimum
$50
Gold

Pax Gold

Paxos
One token = one ounce of real gold, held in a London vault. No yield — pure price exposure.
APY
Minimum
$5
Private Credit

Maple Finance

Maple
Lending pools to crypto-native institutions. Higher yield, higher risk. Read the docs.
APY
9.5%
Minimum
$1.0K
Private Credit

Centrifuge

Centrifuge
Real-world loans (invoices, trade finance) packaged into pools you can fund.
APY
8.2%
Minimum
$1.0K
Stocks

Dinari dTSLA

Dinari
Tesla stock, tokenized. One token tracks one TSLA share — dividends and all. Redeemable 1:1 for the underlying.
APY
Minimum
$1
Stocks

Backed bCSPX

Backed Finance
The entire S&P 500 in a single token. Non-U.S. retail access to U.S. equities, traded 24/7.
APY
Minimum
$10
Private Equity

Hamilton Lane SCOPE

Hamilton Lane / Securitize
Senior credit fund from one of the largest private markets firms. Tokenized access to what used to be a $5M+ minimum.
APY
9.0%
Minimum
$20K

Plain-English glossary.

The six things you need to understand before putting a dollar in.

Tokenization

Wrapping a real asset (like a Treasury bond) in a blockchain token so it can be split, traded, and sent instantly — 24/7.

Yield / APY

The interest the asset pays you per year, as a percentage. 5% APY on $1,000 is $50 a year.

Tokenized Treasury

A U.S. government bond, repackaged as a token. Same interest the bond pays — but you can buy it with $20 and sell it on a Sunday.

Counterparty Risk

The chance the company holding your asset messes up or goes under. "Safe" in RWA means picking issuers that actually hold what they say they hold.

Stablecoin

A token pegged 1:1 to the dollar (like USDC). You'll use one to buy most RWAs — think of it as the checking account for on-chain finance.

Private Credit

Loans to real businesses that banks won't make. Higher yields (8–10%), higher risk than Treasuries. You're the bank.

The Main Street RWA Brief.

What moved in Real World Assets this week, in English — for wallets that don't start with eight zeros. One email, every Sunday. Free.