Tokenized Real-World Assets Evolve into Cornerstones of DeFi Ecosystem
Recent insights from the 2025 RWA Report, a collaborative effort by Dune and RWAxyz, reveal a significant transformation within decentralized finance (DeFi): tokenized real-world assets (RWAs) are progressing beyond mere digital representations of traditional securities to become foundational components of the DeFi landscape. The report highlights that a diverse range of RWAs, including Treasuries, bonds, credit instruments, and equities, are increasingly being utilized as collateral, trading vehicles, and yield-generating products within the DeFi realm. This evolution signifies what the report identifies as the “real breakthrough” of tokenization — composed of the ability to integrate and repurpose assets across various DeFi












