Top 10 Crypto RWA Tokenization Platforms in 2025
Tokenizing real-world assets (RWAs) such as real estate, debt, carbon credits, or U.S. treasuries is one of the hottest trends in crypto right now. RWA tokenization allows fractional ownership, increased liquidity, and 24/7 on-chain markets, while bridging traditional finance (TradFi) and decentralized finance (DeFi). As of 2025, several platforms are leading this transformation. Here are the 10 best to keep an eye on:
1. Securitize
Why it’s a leader: Securitize is one of the most established and trusted platforms for tokenizing real-world assets. It offers compliance-first token issuance, KYC/AML onboarding, cap table management, and even secondary trading via a regulated Alternative Trading System (ATS).
Use cases: Private equity, debt instruments, real estate funds, tokenized securities.
Best for: Institutional issuers looking for full lifecycle asset management.
2. Ondo Finance
Why it’s a leader: Ondo is arguably one of the top RWA tokenization protocols in 2025. It recently launched Ondo Chain, a Layer-1 blockchain tailored specifically for tokenized assets combining regulatory compliance with blockchain transparency.
Use cases: U.S. treasuries, tokenized ETFs, bonds, structured finance. The new Ondo Global Markets (GM) platform supports on-chain stocks, bonds, and ETFs.
Best for: Institutions and investors who need compliant, yield-bearing RWA exposure.
3. Plume Network
Why it’s a leader: Plume is a Layer-1 blockchain built for real-world asset finance (RWA-fi). According to reports, it supports hundreds of projects and billions of dollars in committed tokenized assets.
Use cases: Carbon credits, mineral rights, real estate, financial instruments.
Best for: Asset originators who want a purpose-built chain optimized for RWA token issuance with in-built compliance.
4. Centrifuge
Why it’s a leader: Centrifuge’s Tinlake protocol allows users to bring real-world assets like invoices, receivables, and small-business loans on-chain. Through this, originators can issue two types of tokens DROP (more stable) and TIN (higher-risk) and tap DeFi liquidity.
Use cases: Trade finance, SME lending, receivables.
Best for: Originators of real-world credit and investors seeking fixed-income-like DeFi exposure.
5. Redbelly Network
Why it’s a leader: Redbelly Network is purpose-built for compliant on-chain tokenization. It uses a Deterministic Byzantine Fault Tolerance (DBFT) consensus mechanism and supports identity verification via zero-knowledge proofs.
Use cases: Private equity, rent rolls, carbon credits.
Best for: Projects that require strong regulatory compliance, institutional-grade security, and performance.
6. Mavryk Network
Why it’s a leader: According to INX, Mavryk is a blockchain designed specifically for real-world asset tokenization with regulated infrastructure. It’s actively being used in large scale real estate tokenization projects.
Use cases: Real estate, infrastructure, real estate development.
Best for: Real estate developers or fund managers who want a regulated, blockchain-native issuance solution.
7. Tokeny
Why it’s a leader: Tokeny provides Tokenization-as-a-Service (TaaS) and supports ERC-3643, a security token standard optimized for compliance. They also teamed up with Klaytn for a strong presence in Asia.
Use cases: Security tokens, real estate, debt, commodities.
Best for: Issuers who require a flexible, compliant tokenization platform with global reach.
8. Ethena / Converge
Why it’s a leader: Ethena Labs, in partnership with Securitize, is building Converge, a blockchain specifically crafted for DeFi and real-world assets. Their model aims to offer both on-chain stablecoins (like USDe) and tokenized credit.
Use cases: Stablecoins, credit funds, tokenized yield products.
Best for: DeFi-native projects that want to combine yield and RWA exposure.
9. Aave (Horizon Market)
Why it’s a leader: Aave’s Horizon Market (launched in 2025) allows institutions to supply tokenized RWA as collateral to borrow stablecoins. This brings a powerful DeFi lending component to real-world assets.
Use cases: Collateralized lending using tokenized real-world assets.
Best for: Institutions or DeFi users looking to use RWA tokens as collateral in a trusted lending protocol.
10. IX Swap
Why it’s a leader: While not a “chain,” IX Swap offers a tokenization platform and marketplace for security tokens, including tokenized real-world assets. It works with licensed custodians and brokers, making it regulatory friendly.
Use cases: Tokenized equity, debt, real estate securities, private markets.
Best for: Projects or funds that need a regulated exchange-like solution for trading tokenized securities.
Why These Platforms Matter Now
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Bridging DeFi and TradFi: These platforms make it possible to bring real-world financial instruments like treasuries, private credit, or property on-chain, unlocking liquidity and global access.
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Regulatory-First Infrastructure: Many of these players have built regulatory compliance (KYC, AML, identity) directly into their platforms, reducing legal risk for issuers and investors.
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Institutional-Grade Yield: Tokenized real-world assets provide novel yield opportunities, especially for institutional investors who want exposure on-chain without losing regulatory boundaries.
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Scalable DeFi Use Cases: By making RWA collateral and assets available on-chain, protocols like Aave can offer new lending markets and improved capital efficiency.
Tips to Pick the Right RWA Tokenization Platform
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Match use case to platform: If you're tokenizing real estate, Mavryk or Redbelly may suit you. If you're issuing bonds or treasuries, Ondo or Securitize might be better.
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Consider compliance needs: For highly regulated assets, choose platforms with strong identity verification and security token standards (like Tokeny or Redbelly).
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Evaluate ecosystem compatibility: Some platforms are EVM-compatible (Plume, Ondo), while others are more specialized; check where your asset should live on-chain.
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Check liquidity: Tokenizing is only the first step how easily can your token be traded or used in DeFi? Look for platforms that support secondary markets or lending.
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Assess roadmaps: Projects like Ondo (with its Layer-1) or Ethena/Converge are actively developing infrastructure, which can provide future growth and support.
Frequently Asked Questions (FAQs)
Q1. What exactly are RWA tokenization platforms?
A: These are blockchain-based protocols that enable the creation of digital tokens backed by real-world assets such as real estate, bonds, invoices, or commodities. The tokens represent fractional ownership and can be traded on-chain or used in DeFi.
Q2. Why would someone tokenize a real-world asset?
A: Tokenization increases liquidity, lowers entry barriers via fractional ownership, reduces settlement times, and brings asset ownership and trading to a global, 24/7 market.
Q3. Is RWA tokenization legal and compliant?
A: Yes many platforms (like Securitize and Tokeny) build regulatory compliance into their infrastructure. They handle KYC/AML, identity verification, and use security token standards designed for regulated assets.
Q4. Can I use tokenized RWAs as collateral in DeFi?
A: Absolutely. For example, Aave’s Horizon Market allows institutions to use RWA tokens as collateral to borrow, integrating real-world assets into DeFi lending.
Q5. Which RWA platform is best for real estate tokenization?
A: Platforms like Mavryk Network and Redbelly Network are well-suited for real estate tokenization due to their infrastructure built for regulated, high-value assets.
Q6. What are the risks of using RWA tokenization platforms?
A: Risks include regulatory uncertainty, liquidity constraints, valuation challenges, and counterparty risk if the underlying asset is not managed or audited properly.