
Jakarta, Pintu News – The year 2025 is a pivotal moment for real-world connected crypto assets, also known as Real World Assets (RWA). Amidst the growing need for efficient, transparent, and decentralized financial solutions, RWA projects are starting to catch the attention of global investors.
From gold tokenization to government bonds, these assets bridge the traditional world and blockchain technology in an unprecedented way. This article summarizes the 10 most prominent RWA projects towards the end of 2025, which are predicted to play a huge role in the transformation of the digital financial system going forward.

Chainlink is a decentralized service protocol that provides various functions, including market data, verifiable randomness, proof of reserves, and cross-chain messaging. Chainlink serves as middleware, bridging the blockchain with the outside world.
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Chainlink’s strategy is now expanding to include partnerships with real-world companies. Major institutions rely on it for standardization, security, and compliance when tokenizing assets onto the blockchain.
Some of the Real World Assets (RWA) projects secured by Chainlink include:

Ondo (ONDO) is the leading DeFi platform in the RWA sector, with a multi-chain infrastructure that includes Ethereum , Solana , and XRP Ledger. Ondo brings traditional assets onto the blockchain, making them cross-border and easily accessible to crypto owners.
Ondo’s two main products are:
In addition, Ondo also offers hundreds of tokenized stocks such as Pfizer, Nvidia (NVDAX), and Netflix, as well as various ETFs. With a total value locked (TVL) of $1.4 billion, Ondo is the third largest RWA platform in the DeFi space.
ONDO’s native token showed price stability with horizontal movements over the past year, appealing to investors who avoid high volatility.

Stellar (XLM) is a public blockchain that focuses on global payments, but also supports tokenization of traditional assets. Its network is home to payment assets such as stablecoins, as well as investment assets such as funds, bonds, stocks, and commodities in tokenized form.
One of the most popular RWA products, Franklin Templeton’s BENJI, is available on several blockchain networks, with Stellar accounting for 67% of the asset’s total value.
BENJI is the largest RWA product on the Stellar network, accounting for 90% of the total RWA value in its ecosystem. However, Stellar also accommodates many other assets such as:
The XLM token has experienced a nearly 4-fold price surge over the past year, as the adoption of crypto payments and the trend of tokenization of real-world assets increases.

Pax Gold (PAXG) is an Ethereum-based token backed by physical gold-one of the most popular hedge assets. The token is offered by Paxos Trust, a New York-based fintech company, and provides an efficient and affordable way to own real physical gold stored in a digital wallet.
Each PAXG unit is secured by one troy ounce of pure gold, which is held in the vaults of the LBMA (London Bullion Market Association) in London, UK. Compared to LBMA 400 t oz gold bullion holdings or gold ETFs, PAXG offers a lower fee structure, with no storage fees.
Gold prices hit a record high in August 2025, driven by rising demand for hedge assets due to continued US tariff policy tensions and global geopolitical risks.
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XDC Network (XDC) is an enterprise-class Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), specifically designed to support trade finance, real-world asset tokenization (RWA), and various enterprise applications.
The network’s main goal is to assist companies in tokenizing assets and trade finance instruments, as well as enabling efficient and secure exchange of data and assets.
Some of the leading RWA projects in the XDC network include:
CGO had a locked value (TVL) of close to $12 million throughout the year, making it the largest contributor to the RWA value in the XDC ecosystem. With a market capitalization of $2.35 billion, XDC managed to maintain its position in the top 100 cryptocurrencies, with an annual price increase of +124.97%.

Tether Gold (XAUT) is an Ethereum-based gold token issued by Tether, the company behind USDT, the largest stablecoin by market capitalization.
Just like PAXG, this token represents ownership of physical gold. Its gold reserves are held in a private vault in Switzerland, although the exact location is not publicly disclosed.
Since they track the price of gold, XAUT and PAXG tend to move in tandem. Over the course of 2025, both tokens saw significant market capitalization growth and made the top 100 crypto list. Currently, XAUT and PAXG are the two largest gold-based crypto assets, dominating the RWA ecosystem for commodities.

Plume (PLUME) is an EVM-compatible Layer 1 blockchain, developed specifically for real-world asset tokenization (RWA). Its main goal is to simplify the tokenization process for various assets such as commodities, ETFs, property, and debt securities, so that they can be moved to the blockchain.
The Plume ecosystem also includes Plume Passport – a smart wallet for easily managing RWAs, and Arc – an open-source tokenization engine for RWAs.
The largest RWA project on the Plume network is Nest Credit, which offers various institutional tokens such as:
Nest’s total product value has surpassed $70 million, while Plume’s total locked value (TVL) reached a record $266 million in mid-August 2025. The network’s native token, PLUME, is used for governance, staking, and transaction gas fees.

Centrifuge (CFG) was one of the first decentralized RWA projects to hit the market and briefly dominated before the emergence of new competitors like Ondo. Its main product used to be Tinlake, which has now been replaced by the Centrifuge App since 2024.
The platform allows users to tokenize traditional assets by converting them into NFTs, which can then be used as collateral to obtain loans from investors. The Centrifuge ecosystem is driven by the CFG native token.
In 2024, Centrifuge launched the Janus Henderson Anemoy Treasury Fund (JTRSY), a fund investing in US short-term debt securities (T-Bills), which has been licensed by the British Virgin Islands Financial Services Commission (FSC) and is open to non-US investors.
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In 2025, Centrifuge also tokenized another Janus Henderson flagship product, the AAA CLO (Collateralized Loan Obligations) strategy known as JAAA. The combined value of the two funds has now exceeded $1 billion.

Pendle (PENDLE) is a DeFi platform that enables yield tokenization and functions as an Automated Market Maker (AMM). On this platform, assets that generate yield are split into two types of tokens; principal tokens, and yield tokens.
Both tokens can be traded separately within the Pendle ecosystem through its proprietary AMM, which creates liquidity and enables price discovery for these new financial instruments.
Real-world assets (RWAs) such as sovereign debt and yield-generating stablecoins fit well with Pendle’s tokenization concept, as they both generate passive income. Most of the RWA market on the Pendle platform currently comes from yielding stablecoins, such as USDe from Ethena (ENA), USDf from Falcon Finance.

Quant is a platform that offers solutions to build an interoperable and modern financial system. Their key technologies enable:
Quant is also supporting the launch of a central bank digital currency (CBDC) for the government, so all of its technologies are designed with a high level of governance, legal compliance, KYC and security in mind.
The platform’s native token, QNT, is used as a means of payment for various services within the ecosystem, making it highly relevant for institutions that require reliable financial infrastructure.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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