As tokenized real-world assets (RWAs) surpass $22 billion in value, it’s clear we’ve entered a new chapter in capital markets. Tokenization is evolving into a foundational layer of financial infrastructure. 

In a recent panel hosted by InvestaX and IXS, leading voices across tokenized treasuries, gold, and private credit came together to discuss what institutional-grade issuance really looks like, from structuring to liquidity, and everything in between. 

Below are five key takeaways. 

1. Tokenization Is a Tool, Not the Outcome

A recurring message from the panel was that tokenization is not a product, but an infrastructure tool. As Jeff Handler of OpenTrade put it: “Tokenization is not an end; it’s a means to unlock yield-bearing opportunities for stablecoin holders and on-chain platforms.”

Rather than focusing on the technology itself, institutional players are focused on outcomes: better access, automation, compliance, and liquidity. The value lies in the full stack, from legal wrappers to product structuring and investor interfaces, not just the blockchain layer.

2. Gold, Treasuries, and Private Credit Lead for a Reason

The first true product-market fit in RWA tokenization isn’t VC funds or real estate. It’s yield-bearing assets that are already well understood: short-term treasuries, gold, and private credit.

• Matrixdock’s tokenized gold (XAUm) grew its AUM 6x in six months, fueled by rising interest in politically neutral, inflation-resistant assets.
  
  
• BlackRock’s BUIDL fund ($2.5B AUM) and Matrixdock’s STBT exemplify the utility of tokenized treasuries: stable yield, daily rebasing, and programmable ownership.
  
  
• KASU Finance is bridging institutional capital and DeFi lenders with a structured private credit stack, where subordinated capital from stablecoin holders enhances capital efficiency for borrowers.
  
  

These products work because they balance three things: regulatory clarity, investor familiarity, and practical use cases in DeFi and TradFi.

3. Infrastructure Trust Is as Important as On-Chain Logic

While tokenization improves access, off-chain trust mechanisms remain critical.

OpenTrade emphasized how institutional adoption requires “bank-grade” operational infrastructure: bankruptcy-remote structures, transparent off-chain asset management, and full-chain-of-custody reporting.

This resonates with InvestaX’s own philosophy: regulated infrastructure, including MAS-issued licenses, is the bridge between institutional expectations and tokenized delivery.

4. Distribution and Composability Are the Next Frontiers

Where early tokenization focused on digitization, the next stage is about access and utility. Panelists shared examples of how tokenized RWAs are now being:

• Used as collateral on DeFi lending platforms (e.g. Curve, Morpho)
• Integrated into neobank savings products across Latin America
• Offered to accredited investors in regulated markets like Singapore (via InvestaX)

Composability - the ability to plug tokenized assets into other systems - is what turns static yield into dynamic opportunity.

5. Market Demand Is Shifting and Platforms Must Keep Pace

As Julian Kwan, CEO of InvestaX, noted, “The digital asset market is now seeing a wave of stablecoin holders looking for yield-bearing instruments.” The shift is about investor demand and the maturity of tokenized capital flows.

Platforms must now scale to serve this new landscape, not only with regulated issuance tools, but with investor-friendly access, secondary liquidity, and new financial primitives that reflect real-world needs.

Final Thoughts

The RWA panel offered a clear picture: tokenization is a transformation happening at the product, platform, and policy level. Whether it’s tokenized treasuries for treasury management, or private credit for global yield generation, real-world asset tokenization is unlocking new infrastructure for capital formation.

InvestaX remains committed to supporting institutions on this journey, building infrastructure that is not only compliant and scalable but future-ready.

Ready to explore the world of tokenized RWAs?

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