Stellar RWA Surpasses $3 Billion, DeFi Deposits Around $200 Million

The tokenization of real-world assets (RWA) on Stellar has exceeded $3 billion as of July, but the actual funds utilized in DeFi remain around $200 million. According to a report by Redstone, the RWA scale of Stellar increased from $785 million in January to over $3 billion in July, while the total value locked (TVL) in DeFi was recorded at $259.13 million. In the lending market, $127 million was deposited into Stellar's main lending protocol, Blend, but less than $2 million was allocated to pools backed by RWA. This indicates that even if RWAs are issued on-chain, they are not immediately utilized as collateral in DeFi. Redstone reported that Spiko's Tbil Money Market Fund and Ondo's USDY have each grown to over $536 million and $533 million, respectively. Additionally, the overnight swap fund created by Amundi and Spiko has been reported to have a scale of $713 million. RWA refers to tokenized assets representing real-world assets such as government bonds, funds, and gold on the blockchain, with pricing being a key issue. Redstone explained that Stellar's SEP-40 oracle standard is a mechanism to address this problem. Currently, the price infrastructure for utilizing RWA as collateral on Stellar is expanding, and tokenization services for DTC custodial assets are also set to connect with the Stellar network.

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