Solana, Arbitrum, and Base Are Dominating Real-World Asset Adoption—Here’s Why

Real-world assets are flooding on-chain—and three chains are eating everyone’s lunch.

Solana’s speed, Arbitrum’s scaling muscle, and Base’s institutional backing are pulling traditional finance onto the blockchain. No more vague promises; these networks are delivering tangible bridges between TradFi and DeFi.

Tokenized treasuries, real estate, and even private credit are moving en masse. Why? Lower fees, faster settlements, and global liquidity—things legacy finance still can’t match without a dozen middlemen.

Sure, Wall Street’s still trying to figure out whether “blockchain” is a spreadsheet or a snack—but while they debate, crypto’s building. And building fast.

Is Ethereum the only chain for tokenization?  

Alternative chains for RWA trading also include the BNB Chain, TON, Aptos, and others. Those chains offer good integration with Web3 projects, and can offer smaller experimental mints for more diverse assets. 

Currently, many chains are claiming to be the central venue for RWAs. Ethereum is still seen as indispensable, potentially becoming the chain for Wall Street tokenization. While other chains offer cheaper access and good integration with wallets, Ethereum still claims leadership. 

A recent report warned Ethereum was still ideal for institutional tokenization, as the chain has not faced outages in block production, unlike solana and some L2s. The setback for Ethereum is the risk of hacker attacks and flawed smart contracts, though this may affect other chains. 

For now, RWAs are still not fully used in DeFi projects, especially the tokens issued by leading Wall Street firms. 

RWAs expand across asset classes

Based on recent data, on-chain tokenized assets broke above $30B in value. A total of 211 issuers have offered various types of tokens, with some sectors showing significant success. 

Private credit makes the bulk of tokenization at barely $17B. US Treasury bills make up over $7.8B in assets, and are one of the main sources of security and income for stablecoin issuers. 

Stocks are still lagging, with a little over $500M. Commodities are among the success stories of tokenization, with over $2B in assets under management. 

The RWAs narrative remains independent, mostly based on infrastructure tokens. Ondo still competes to become the main institutional network for tokenization, while retaining its token growth. Overall, RWA infrastructure tokens are valued at over $66B, led by ONDO and chainlink (LINK).

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