Tokenized Asset Deposits Tripled to $7.4B as DeFi Shrank: CoinShares

Over the past 365 days, real-world assets (RWAs) have moved beyond tokenisation into increasingly active onchain markets.

Tokenized Treasury and multi-strategy funds including JTRSY, BUIDL and sUSDS account for the largest share, followed by private credit products such as JAAA, syrupUSDC and PRIME, and delta-neutral strategies like sUSDe. Tokenized gold leads spot trading volume. Perpetuals activity concentrates in oil and precious metals, the S&P 500 and Nasdaq-100, and technology and semiconductor stocks.