Top 10 Real Words Asstes (RWA) Tokenization Platforms in the Crypto World by 2025

Jakarta, Pintu News – In recent years, the tokenization of real-world assets (RWAs) has grown into a multi-billion dollar on-chain phenomenon. Currently, there are $35.85 billion worth of assets recorded on the blockchain. Pilot programs from financial institutions continue to grow, and the issuance of regulated assets – such as treasuries, bonds, and property – is starting to enter the mainstream of the financial industry.

One obvious example is the collaboration between Ondo Finance and Ripple, which brought $185 million in tokenized US Treasury securities that can be accessed anytime on-chain. For investors and institutions, the question is no longer whether tokenization will be the solution of the future, but which platform will be the backbone of this new financial infrastructure.

Ondo Finance

Ondo Finance (ONDO) is a DeFi platform that brings real-world assets like U.S. Treasuries and money market mutual funds onto the blockchain. The platform allows users to access safe and regulated investments through crypto, so you can get traditional returns with the transparency and speed of blockchain technology.

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Ondo offers OUSG tokens, which represent short-term US government bonds, as well as USDY, which reflects a cash equivalent yield strategy.

The platform is primarily aimed at institutional and accredited investors, but DeFi developers and experienced retail users can also access it. If you’re looking for a reliable way to connect real-world assets to the crypto ecosystem, Ondo is one of the best tokenization platforms around.

Backed Finance

Backed Finance is a Swiss platform that brings traditional assets like stocks, ETFs, and bonds to the blockchain in the form of tokens called bTokens. Each bToken reflects the value of the real asset it represents, and is fully backed by financial instruments held in regulated custodial institutions.

In other words, you can own stocks or bonds directly in your crypto wallet. There is no whitelist or special approval list – once you own tokens, you are free to trade them on the secondary market.

Backed’s main focus is on tokenizing traditional financial assets such as public stock and sovereign bond ETFs, providing a safe and legal bridge between conventional finance and DeFi.

Maple Finance

Maple Finance (SYRUP) is a DeFi lending protocol designed specifically for institutions, allowing large-scale borrowers to access on-chain credit and lenders to earn returns on real-world loans.

Maple combines a rigorous underwriting process with transparent execution based on smart contracts. Risk evaluation is done by delegates (analyst representatives), but the entire process remains automated and on-chain.

Maple focuses on the tokenization of corporate credit and institutional debt, primarily in the private credit market. Its users are large institutions, fund managers, and crypto companies that need working capital or want to distribute capital efficiently.

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Centrifuge

Centrifuge is one of the leading RWA tokenization platforms focused on structured credit. Through Centrifuge, users can convert real-world debt – such as bills, mortgages, government securities, and consumer loans – into on-chain tokens.

The process starts with NFTs to represent assets, then they are aggregated and securitized into tradable tranches.

Its primary market is institutional investors and on-chain DeFi users seeking exposure to real cash flows, while businesses use it to raise liquidity efficiently and transparently.

RealT

RealT is a pioneer in the tokenization of real estate properties. They convert rental homes in the US into digital shares called RealTokens, allowing anyone to own a piece of real property directly on the blockchain.

What sets RealT apart is that users not only hold tokens, but also have a legal claim on the LLC company that owns the property. Investors also receive weekly rental income in the form of stablecoins like USDC.

RealT focuses on residential properties in the US market, making long-term, income-generating property investments accessible to anyone – even with little capital.

Matrixdock

Matrixdock is a tokenization platform launched by Matrixport in early 2023. Its main focus is to bring real-world assets onto the blockchain. Their flagship product is STBT, a token that represents short-term U.S. Treasury bills and reverse repos, and is pegged 1:1 to the U.S. dollar.

Matrixdock emphasizes transparency and access across blockchains, using Chainlink Proof of Reserve to demonstrate asset backing in real-time. Additionally, the platform utilizes Chainlink CCIP, allowing STBT to move between blockchain networks such as Ethereum (ETH) and Arbitrum (ARB).

Securitize Markets

Securitize Markets is part of the wider Securitize platform, acting as both a broker-dealer and an alternative trading system (ATS). Its unique position is at the intersection of traditional finance and on-chain securities.

The platform not only issues funds and shares in tokenized form, but also provides regulated primary sales and compliant secondary trading. The assets they tokenize cover a wide range, from private credit (such as Apollo’s ACRED fund) to money market funds and sovereign bonds (such as BlackRock’s BUIDL).

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Tokeny

Tokeny is an on-chain financial operating system based in Luxembourg, designed to help institutions issue, manage, and distribute real-world securities in the form of tokens in a compliant manner.

The platform uses the ERC-3643 standard (known as T-REX), which embeds the rule of law directly into the token, so only verified and qualified investors can own it.

Tokeny allows the tokenization of various types of assets such as property mutual funds, private equity, bonds, and investment funds. Its main targets are financial institutions such as banks, asset managers, fund issuers, and companies that want to bring traditional securities into the blockchain world.

Plume Network

Plume Network is an EVM-compatible Layer-1 blockchain, designed specifically for tokenizing real-world assets (RWAs) and integrating them into the DeFi ecosystem.

What sets Plume apart is the integration of legal compliance (KYC/AML) directly at the protocol level, so issuers can bring real-world assets to the blockchain in a legally secure way.

The types of assets that are tokenized include: sovereign debt, real estate property, commodities, private credit, and DePIN infrastructure.

Ethena

Ethena (ENA) is a platform that combines real-world finance with the DeFi ecosystem. They offer two main stablecoins:

• USDe, which gives a higher yield on your crypto assets.
• USDtb, a more secure stablecoin as it is backed by BlackRock’s regulated money market fund.

With Ethena, you can earn real-world returns while staying within the crypto ecosystem – giving you access to DeFi growth without compromising traditional financial stability.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. 10 Best Crypto RWA Tokenization Platforms in 2025. Accessed on November 21, 2025