5 Platforms Tokenizing RWAs in 2025

Well, the advantages aren't exactly a mystery, from fractional ownership that broadens access to investments to the deep liquidity that comes

Why are so many projects rushing to tokenize real-world assets like bonds, real estate, and commodities? Well, the advantages aren’t exactly a mystery, from fractional ownership that broadens access to investments to the deep liquidity that comes from reaching a Web3 audience.

With around $50 billion of real-world value expected to hit the chain this year, RWAs are enjoying a deserved moment in the sun. But which platforms are leading the way? Here’s a look at five trailblazers tokenizing RWAs in 2024.

Ondo specializes in building institutional-grade tools to drag traditional financial markets onto its eponymous Layer-1 chain, which is exclusively geared up for RWAs. While validators can stake assets like treasuries or property to secure yield, traders can leverage both real-world assets (equities, bonds, ETFs) and cryptocurrencies to make margin trades.

A pillar of the Ondo ecosystem is OUSG, a token that grants institutional investors exposure to short-term US treasuries with instant round-the-clock mints and redemptions. With the platform recently hitting $1 billion TVL, it’s easily among the best-known and most-capitalized RWA projects.

INX is all about opening finance’s doors, offering an all-in-one U.S.-regulated platform for crypto, security tokens, and coveted RWAs such as S&P 500 shares, Microsoft, and Tesla. While its ultimate ambition to make investing inclusive isn’t unique, INX is one of precious few publicly traded companies operating in the RWA space, having been responsible for the first SEC-registered security token ($INX) back in 2020.

Last year, the platform hit $40 million in RWA and security token trading volume, and its team appeared at over 10 major RWA conferences to extol the merits of tokenizing finance. INX also listed 11 new assets, including FURA, PYUSD, and Aktionariat, the latter of which provides pre-IPO companies with a more efficient path to access capital markets.

Billed as the “NASDAQ for property,” Lofty tokenizes vacation rentals, commercial units, and family homes in 40 markets, giving everyday investors the opportunity to enter the property sector. Starting from just $50 — no downpayments, no broker commissions — these users can diversify their portfolios, collect daily rental income, and sell with instant liquidity whenever they desire. That’s the beauty of fractional ownership.

Built on Algorand’s high-scale, low-fee blockchain and based in Miami, Florida, Lofty boasts over $65 million in transaction volume with 34k+ registered investors – most of them in the States. Those interested in listing their own property on Lofty, meanwhile, can do so for 5% above the appraised value.

One of the few regulated platforms supporting both traditional trading of private securities and digital securities utilizing blockchain, tZERO’s been in operation since 2014 and facilitates trading for over 44 million shares. This year, it’s going a step further by tokenizing its Series-A Preferred Equity Security (TZROP), becoming the first digital asset security custodied by its own Special Purpose Broker Dealer.

With AI-driven insights for issuers, on-chain KYC, and automated actions, tZERO helps private and public companies raise capital through compliant offerings like Reg D or Reg A+. Interestingly, it has received financial backing from the Intercontinental Exchange (NYSE: ICE), parent company of the New York Stock Exchange.

Ethena is shaking up RWAs through its Ethereum-based synthetic dollar protocol USDe, a crypto-native “internet money” token backed by BTC, ETH, and short futures positions. It’s not your typical real-world asset but this innovative model lets investors earn returns by buying spot BTC/ETH and shorting perpetual swaps on exchanges.

With over $6.5 billion in TVL and more than half a million users onboard, Ethena’s ecosystem — featuring USDe, sUSDe, and stables like USDT/USDC — turns crypto assets into liquid, yield-generating commodities. A recent collaboration with Deribit, meanwhile, entitles users of the exchange to earn up to 9% APR, paid daily, simply for holding USDe or trading derivatives with it as a part of a cross-collateral pool.

Well, there you have it: five platforms operating at the cutting edge of the fast-growing RWA sector. Whether you’re eyeing real estate, equities, synthetic yields, or something else, it’s a revolution that shows no signs of slowing down. Why not jump in before the chain gets crowded?