Tokenised real-world asset deposits rose from $2.3 billion to $7.4 billion between Q2 2025 and Q2 2026, even as overall DeFi deposits declined by about 15 percent, according to CoinShares and Token Terminal. Tokenised Treasuries, multi-strategy products and private-credit assets were among the main sources of RWA collateral. RWA spot trading also increased during the period, led by tokenised gold and funds.
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