Top 10 Real World Asset (RWA) Projects to Watch in 2025

Why Real World Assets Are Taking Over Crypto in 2025

Real world assets (RWAs) have quickly become one of the most dominant forces in the crypto space. In a market often driven by speculation, meme culture, and hype cycles, RWAs bring something far more substantial to the table: tangible value. From tokenized U.S. Treasuries and real estate to equities and luxury goods, tokenization is turning traditional assets into liquid, borderless, and accessible investments.

The shift isn’t just hype — it’s happening. BlackRock, Franklin Templeton, and JPMorgan are already experimenting with tokenized securities. Major DeFi protocols like MakerDAO are incorporating RWAs into their collateral frameworks. The total value locked (TVL) in tokenized assets has crossed billions, and we’re just scratching the surface.

In this guide, we break down the Top 10 RWA Projects in Crypto that are leading the charge in 2025, each bringing a unique approach to bridging TradFi and DeFi. These aren’t just concepts; they’re live, functional, and already moving serious capital.

If you’re new to this space, you might want to start with our Beginner’s Guide on How to Invest in Real World Assets Onchain — it walks through exactly how to get started.

The Top RWA Projects Powering the Tokenization Movement

Ondo Finance ($ONDO)

What it is:
Ondo Finance is a DeFi protocol focused on bringing real-world assets—specifically U.S. Treasuries and institutional-grade fixed income—onto the blockchain. The goal is to make regulated, yield-bearing assets like government bonds and ETFs accessible to both retail and institutional investors.

RWA Use Case:
Ondo tokenizes U.S. Treasuries and offers them as on-chain, yield-generating digital assets. Investors can purchase tokens like OUSG to gain exposure to short-term government bonds with the added benefits of blockchain—instant settlement, composability, and on-chain utility. These tokens also serve as collateral in Flux Finance, Ondo’s decentralized lending platform, enabling fixed-income strategies in a DeFi-native way.

What makes it stand out:
Ondo’s institution-first design sets it apart. Its products are issued under U.S. securities laws (via Ondo Capital Management), ensuring strong regulatory alignment. By tokenizing assets like BlackRock-managed ETFs, Ondo bridges traditional finance and DeFi with an emphasis on compliance, safety, and real yield—positioning itself as a trusted entry point for institutions moving on-chain.

Propbase ($PROPS)

What it is:
Propbase is a blockchain-powered real estate investment platform enabling fractional ownership of residential and commercial properties. Starting with Southeast Asia, it allows anyone to invest in real estate with as little as $100 and earn passive rental income.

RWA Use Case:
Propbase tokenizes physical properties into digital shares, making real estate investing accessible and liquid. These tokens can be traded on-chain, bypassing traditional hurdles like large upfront capital and regional restrictions.

What makes it stand out:
Propbase offers an all-in-one experience for tokenized real estate. Its “Propbase Yield” program distributes rental income to token holders, while its “Apex” marketplace allows seamless trading of property tokens. Built on Aptos for fast performance, Propbase combines yield, liquidity, and ease-of-use into a single platform for on-chain real estate investing.

Propchain ($PROPC)

What it is:
Propchain is a tokenized real estate platform aiming to modernize property investment through blockchain. It allows users to invest in fractional shares of properties, offering lower entry costs and streamlined transactions.

RWA Use Case:
By turning physical properties into on-chain tokens, Propchain opens up access to global investors. It eliminates barriers like high minimum investments and slow paperwork by digitizing real estate ownership and making it tradable across borders.

What makes it stand out:
Propchain focuses on real-world alignment and legal clarity. It ensures that every on-chain transaction maps directly to off-chain legal ownership, maintaining regulatory compliance. This trusted bridge between Web3 and traditional real estate builds investor confidence while enabling a transparent, secure way to invest in property through decentralized tech.

Blocksquare ($BST)

What it is:
Blocksquare is an Ethereum-based infrastructure protocol designed to tokenize real estate. It enables property owners to turn physical assets into digital tokens, allowing investors to buy fractional ownership in real estate. Rather than operating as a single marketplace, Blocksquare powers a growing network of regional platforms. Its tech has already been used to tokenize over $1 billion worth of U.S. commercial property.

RWA Use Case:
Blocksquare’s primary function is tokenization-as-a-service for real estate. Using its platform, third parties can fractionalize real-world assets into Property Tokens and list them on their own marketplaces. Investors gain global access to property deals, while real estate owners can tap into DeFi liquidity, streamlining property fundraising and ownership distribution.

What makes it stand out:
Blocksquare isn’t just a tokenization tool—it’s a full-stack ecosystem. Its reach spans 21 countries, and its Oceanpoint DAO adds a DeFi layer, connecting tokenized properties to liquidity pools and AMMs. This dual capability—enabling both asset tokenization and decentralized financial utility—positions Blocksquare as a foundational player in the tokenized real estate movement.

Brickken ($BKN)

What it is:
Brickken is a compliance-first tokenization platform that allows businesses to issue and manage digital tokens backed by real-world assets—ranging from real estate and company equity to debt and revenue-sharing contracts. Think of it as a SaaS toolset for turning any off-chain asset into a legally-compliant, on-chain investment.

RWA Use Case:
Brickken supports a broad spectrum of tokenization scenarios: from startups tokenizing shares for fundraising, to real estate developers offering digital ownership in buildings. The platform manages issuance, legal compliance, KYC, and investor onboarding—making it possible for firms to launch tokenized offerings quickly and efficiently, across asset types.

What makes it stand out:
Brickken is designed for scale. Its white-label tools and developer APIs let companies plug tokenization directly into their existing workflows. Thanks to its end-to-end legal and compliance stack, businesses can go live in days—not months. By combining usability with regulatory rigor, Brickken aims to be the “Stripe of tokenization,” making real-world assets investable through Web3 without the usual friction.

Clearpool ($CPOOL)

What it is:
Clearpool is a decentralized credit protocol built for institutional borrowing. It allows real-world companies—like trading firms and fintech platforms—to borrow capital from the crypto market without full collateral, based on their creditworthiness. Since 2022, it has processed over $640 million in loans, bringing real-world credit markets into DeFi.

RWA Use Case:
Clearpool enables unsecured or undercollateralized lending for real institutions. Verified borrowers can launch on-chain credit pools, where DeFi lenders provide capital in exchange for interest. These loans are often backed by off-chain activities and revenues, giving crypto users access to real-world yield opportunities—what’s often called RWA lending.

What makes it stand out:
Clearpool pioneered unsecured lending in DeFi and now offers two distinct pathways: permissionless credit pools and Clearpool Prime, a regulated platform with full KYC for institutional players. It’s also building Ozean, a dedicated Layer-2 chain for RWA yields, making integration of real-world assets into DeFi faster and more compliant. This dual focus on institutional trust and DeFi scalability gives Clearpool a unique edge in the emerging on-chain credit market.

Algorand ($ALGO)

What it is:
Algorand is a high-performance Layer-1 blockchain purpose-built for speed, scalability, and low transaction costs. It features the Algorand Standard Assets (ASA) framework, which allows seamless creation and management of tokens representing any real-world asset—from real estate and bonds to intellectual property. Its Pure Proof-of-Stake consensus ensures instant finality with no forks, making it ideal for financial use cases.

RWA Use Case:
Algorand has become a trusted base layer for real-world asset tokenization. Platforms like Lofty use it to fractionalize rental properties, enabling users to purchase tokens tied to physical homes and earn rental income globally. Additionally, regulated financial instruments have been issued on Algorand—such as tokenized U.S. Treasury bills offered to European investors through a German issuer. This highlights Algorand’s role in bridging traditional financial products with blockchain access.

What makes it stand out:
Algorand’s core strength lies in its technical reliability and asset-native features. Its ASA framework includes institutional-grade functions like asset freezing and clawback, critical for compliance and risk management. With fast, forkless transactions and low fees, Algorand has become a go-to chain for RWA projects that require precision and security. Its consistent growth—from $57M to over $110M in tokenized assets—shows growing trust from both institutional players and startups. As a result, Algorand stands out as one of the few Layer-1 blockchains with a proven, enterprise-ready foundation for real-world asset tokenization.

Welf Finance ($WELF)

What it is:
Welf Finance is a next-gen wealth management platform that blends the exclusivity of private banking with the flexibility of blockchain. Designed for high-net-worth individuals (HNWIs), Welf offers a digital gateway to manage traditional assets, estate planning, and investments in tokenized real-world assets—all in one interface. It aims to bring the personalized touch of legacy finance to the modern DeFi ecosystem.

RWA Use Case:
Welf simplifies access to tokenized real-world assets for affluent clients. Through its platform, users can diversify into on-chain investments like property-backed tokens, tokenized bonds, or private equity, without having to worry about the underlying blockchain complexity. The platform takes care of compliance, custody, and reporting—integrating tokenized assets seamlessly into broader portfolio strategies.

What makes it stand out:
Welf’s standout feature is its “private bank meets DeFi” model. It blends personalized financial advisory with tokenized asset access, all wrapped in a regulatory-compliant framework. Advanced analytics and AI-driven investment insights (thanks to its integration with Spectre AI) enhance client decision-making. What truly sets Welf apart is its focus on a niche rarely addressed in crypto: affluent investors who want secure, sophisticated access to real-world assets via blockchain. By combining trust, usability, and innovation, Welf redefines what wealth management looks like in the on-chain era.

CryptoAutos ($AUTOS)

What it is:
CryptoAutos is the world’s first blockchain-based luxury car platform that merges real-world automotive commerce with on-chain investment. It offers two core services: a crypto-powered global marketplace for buying, selling, or renting high-end vehicles, and a fractional ownership platform for tokenized luxury cars. Users can transact in crypto, while the platform manages ownership records and fiat conversions behind the scenes. The native token $AUTOS powers governance, transactions, and membership perks within the ecosystem.

RWA Use Case:
CryptoAutos brings real-world luxury cars on-chain by enabling fractional ownership of collectible and investment-grade vehicles. Investors can buy tokens representing partial ownership in rare assets—like a Lamborghini or vintage Ferrari—similar to how one might invest in tokenized art or property. Simultaneously, the marketplace enables crypto users to directly purchase or rent vehicles using BTC, ETH, or stablecoins, with CryptoAutos facilitating the fiat settlement for the dealer. This combination of investable car fractions and usable crypto commerce defines its real-world asset approach.

What makes it stand out:
CryptoAutos differentiates itself with a dual utility model—merging real car transactions with tokenized investment. Unlike NFT projects that sell car images or limited perks, CryptoAutos offers real-world utility backed by actual vehicles and a functioning marketplace. Its fiat-to-crypto bridge ensures high-value crypto purchases can seamlessly translate into physical ownership. This end-to-end integration of car lifestyle and car investment—built for both enthusiasts and investors—positions CryptoAutos uniquely within the Web3 automotive niche.

Stobox ($STBU)

What it is:
Stobox is a licensed, enterprise-grade tokenization provider offering end-to-end infrastructure for bringing real-world assets (RWAs) on-chain. With 7+ years in the market and over $500M in tokenized assets, it supports businesses globally in issuing, managing, and trading regulated digital securities. Its ecosystem includes decentralized tools for issuance, identity, and secondary trading, now being unified under its latest evolution: Stobox 4, an all-in-one AI-powered platform for RWA tokenization.

RWA Use Case:
Stobox specializes in the compliant tokenization of real-world assets across industries like real estate, equity, commodities, and energy. Using tools like the DS Dashboard, Stobox Oracle, and proprietary STV token standards, it enables fractionalization, global investor access, and automated compliance. Stobox supports the entire lifecycle of tokenized assets—from issuance and investor onboarding to trading and regulatory reporting.

What makes it stand out:
Stobox’s core advantage is its fully licensed, institutional-grade architecture. As a regulated VASP in the EU and Qatar, it offers legal clarity and operational trust. With over 100 clients and partnerships—including the $300M tokenization of assets tied to the Qatari royal family—Stobox is one of the most recognized names in RWA tokenization. Its upcoming Stobox 4 platform streamlines tokenization workflows into a single AI-enhanced interface, reinforcing its position as a leader in scalable, compliant digital securities infrastructure.

What We Looked For

To make this list, projects had to check at least three of the following boxes:

• Active tokenization of real-world assets (live or in pilot stage)
• Regulatory compliance and transparency
• Real-world traction (users, volume, TVL, etc.)
• Institutional partnerships or integrations
• Unique use cases or on-chain innovations

This isn’t a ranking based on hype. We focused on substance, execution, and potential impact.

The Bigger Picture: What RWAs Signal for Crypto’s Future

RWA tokenization isn’t just a narrative — it’s crypto’s clearest path to real-world relevance. While many sectors are still figuring out use cases, RWAs are already onboarding traditional capital, solving tangible inefficiencies, and unlocking liquidity in multi-trillion-dollar markets.

The convergence of crypto infrastructure with real-world utility is setting the stage for a new era in finance — one that’s programmable, permissionless, and global by design. As regulations evolve and infrastructure matures, the projects mentioned here could be among the defining winners of the decade.

Whether it’s tokenized property or treasury-backed stablecoins, these Top 10 RWA Projects in Crypto show how blockchain is evolving from digital speculation to real-world application.

Want to see tokenization in action? Read our deep-dive on How Tokenization is Reshaping Capital Markets in 2025 or check out a real-world success in Propbase’s Cassia Property Case Study.

Stay ahead of the curve — because the next bull market might not be led by memes, but by mortgages, treasuries, and tokenized trust.