The real-world asset (RWA) narrative is heating up again, and this time the spotlight is on BlackRock. The world’s largest asset manager has moved $3 billion into tokenized real-world assets, signaling that traditional finance isn’t just experimenting with blockchain – it’s starting to allocate serious capital.
While XRP has already seen a strong rally, most RWA-focused projects remain relatively quiet. That raises a key question: which tokens in this sector could be the next to run? Analyst ‘Nonzee’ released a viral thread about this on X.
What you'll learn 👉
What Are RWAs and Why Do They Matter?
RWAs are digital tokens that represent ownership of real-world assets like government treasuries, real estate, gold, or invoices. These assets trade 24/7, settle in seconds, and remain backed by tangible collateral.
The sector has seen fast growth in 2025:
- BlackRock BUIDL: $2.6B tokenized
- Tokenized Treasuries: $7B
- Total on-chain RWAs: $25B (+5% in the past month)
The appeal is straightforward – RWAs offer real yield that outperforms stablecoins, while also being usable as collateral across DeFi protocols. That liquidity loop is bringing both institutions and crypto-native investors into the space.
BlackRock buying $3B RWA…$XRP is already running, but most RWA plays are still asleep.
— Nonzee (@0xNonceSense) August 17, 2025
Here are the top RWA plays like $EPIC with 10x potential🧵👇 pic.twitter.com/4od2AqL8vx
Traditional Finance Is Already Moving In
It’s not just BlackRock. Other big names are expanding into tokenization:
- Franklin Templeton’s Benji fund: $782M
- JPMorgan’s Kinexys: $1.5T settled
- Citi Token Services: active in four global markets
- Tokenized gold: now $1.7B market cap
The trend is clear – when the largest banks and funds start building, liquidity tends to follow.
Read also: 8-Year Market Pro Predicts Bitcoin, Ethereum Peaks – and the 40-Day Altseason Window
Top RWA Cryptos to Watch
Ondo Finance (ONDO)
Ondo positions itself as a decentralized “investment bank” for DeFi. It pioneered Liquidity-as-a-Service, helping DAOs secure over $100M in DEX liquidity with partners like FRAX and FEI. Instead of relying on inflationary mining rewards, Ondo has grown TVL organically. Its core mission is to convert DeFi yields into products that institutions can use.
Chainlink (LINK)
Chainlink is already a household name in crypto, but its role in RWAs shouldn’t be overlooked. The project secures over $10 trillion in value and provides the infrastructure connecting real-world data, enterprises, and governments to thousands of blockchains. With partners ranging from Swift and DTCC to Fidelity, UBS, and Euroclear, LINK remains the backbone for secure and compliant RWA integrations.
Injective (INJ)
Injective is an L1 blockchain purpose-built for financial applications. It offers a fully on-chain order book supporting spot, perpetuals, futures, and options – with MEV resistance and instant finality. Built with the Cosmos SDK, it natively bridges Ethereum, IBC, and Solana. Its smart contract framework enables complex DeFi products, giving it a strong position in the RWA landscape.
XRP
XRP has already begun running, but it remains central to the conversation. With 1,500+ transactions per second, near-instant settlement, and negligible fees, the XRP Ledger is being positioned as the infrastructure for real-time global liquidity. Even though many see it primarily as a payments network, its ability to settle RWAs at scale makes it a serious contender in this trend.
BlackRock’s $3B allocation is a sign that RWAs are shifting from concept to reality. The sector has already crossed $25B, and with traditional finance giants like JPMorgan and Citi building tokenization platforms, this could just be the beginning.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
