
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Kutheni kufuneka kwenziwe yintoni ngokwenene kwis institution yezemali yemveli ukuba itsale ii-asethi kwi-blockchain? Akukho ngqina lesiqinisekiso. Akukho shicilelo lwangaphandle. Konke: imvume yokulawula, ukwakheka kokugcina, ukuhlela ingozi, iindlela zokuxazulula, kunye nendlela yokukhusela abathengi ukuba kukho into eyenzeka kakubi. Lo mbuzo uhleli embindini wedebethi yokubeka ii-asethi zokwenyani kwi-blockchain ka-2026.  , i-asset tokenization ingafikelela kwi- $ 16.1 trillion ngo-2030, malunga ne-10% ye-GDP yehlabathi. Imakethi ye-RWA yakhula ukusuka kwi- $ 5 yeebhiliyoni ukuya kwi- $ 24 yeebhiliyoni phakathi kuka-2022 nasekuqaleni kuka-2025, ukwanda okungu-380% kwiiminyaka ezintathu. Ngokutsho kweBCG ne-ADDX , kwaye   xa kukhutshwa iimali. Iitreshawo ezi-tokenized zase-US zadlula i- $ 9 yeebhiliyoni ngasekupheleni kuka-2025 imfuno yama-private credit kwi-chain yeqe i- $ 18.91 yeebhiliyoni Ezona protocols kule ndawo ziphendule kumbuzo wokukhula ngokwakha imigca yokusasazeka, ukubeka i-asset class enye kuphela kwi-token, okanye ukuqalisa kwi-blockchain ekhoyo kwaye wongeze iimodyuli zokuthotyelwa ngaphezulu. Umz. 1 — Ibhodi yoQeqo lokuKhula kweMakethi ye-RWA: Ukhula lwe-TVL lilonke ngamacandelo 2022–2026, kunye nokuhanjiswa kwamacandelo ka-2025 kunye nezihloko eziphambili. Imithombo:  ;  ;  ;  BCG/ADDX RWA.xyz Nov 2025 Meyreal Substack Ingxelo yeMakethi ye-RWA 2026 Yintoni Imakethi ye-RWA Eyingekabikho Ukukuqonda oko i-REAL Finance yakha, kunceda ukuqonda ukuba yintoni imakethi ye-RWA enokubanga ngoku. Ezona amathayile e-tokenized namhlanje zihlala kwi-Ethereum, iichain ezisekelwe kwi-Cosmos, okanye iminatha ye-Layer 2 ehambelana ne-EVM. Ezi zizibhelu ezingezizo ezam zajongana nazo ezingenzelwanga ukuhamba kokulawulwa okufunwa yimveliso zemali ezilawulwayo. Abakhoyo kufuneka bongeze iimodyuli ze-KYC, ulawulo lokubhalisa, kunye nohlolo lwangaphandle lweengozi njengezongezo zesicelo. Oko kusebenza kwizilingo zokuqala. Kudaleka ukungqubana kwinqanaba lemashishini. I-a   yafumanisa ukuba iindibano ezibekwe kwii-tokens ezininzi zisabonisa ukuba ne-secondary market enokuncipha. Njengoko i-IOSCO iye yaphawula, imithetho yokhuselo lomthengi esebenza ngaphandle kwemakethi kufuneka iboniswe kwi-chain. Ngaphandle komgca wenkqubo wendalo ozilawulayo olu hlobo lotshintsho, utshintsho ngalunye luya kuba yinkqubo yezandla, kanye kothintelo olunqanda ukungena kwemashishini. study ye-arXiv ka-2025 ihlola ngaphezulu kwe- $ 25 yeebhiliyoni kwi-RWAs ezibekwe kwii-tokens Ukuqonda okusebenzayo: ii-protocols ezibeka intotelo kwisibhelu esingezizo ezam zajongana nazo zenzela imakethi yanamhlanje. Iiprothokholi ezibeka intotelo kwibala lenkqubo zenzela imali yemashishini engakhange ingene kwi-chain. Inkcukacha Yenziwe Yona: Oko I-REAL Finance Eyakha Ngokwenene  yibhala le-Layer 1 eyakhiwe yona. Ngokungafani ne-Ondo Finance, esebenza njengeprotocol yesicelo kwi-Ethereum ne-Solana, i-REAL yakha izakhiwo zedatha, iintlobo zotshintsho, kunye nemodeli yegesi yebhala yayo ngqo kwii-asethi ezibekwe kwii-tokens ukusuka ekuqaleni. I-REAL Finance Ibhala isebenzisa imodeli yezivumelwano zabavelisi bebhishinisi. Kwi-chain yobungqina-besitaki eqhelekileyo, abavelisi ngabaqhubi beenodi abangaziwayo abaqinisekisa inethiwekhi ngokubeka iitokeni. Kumodeli ye-REAL, abavelisi babandakanya iizitishini ezilawulwayo: abagcini, abaphembeleli, kunye namagosa okuthotyelwa, umsebenzi wabo kukufuna, kungekhona nje ukuba utshintsho lunobuchwepheshe, kodwa nokuba ii-asethi zangaphandle ezixhasa ii-tokens ezikwi-chain ziboniswe ngokuchanekileyo. I-Wiener Privatbank SE, ibhanki elawulwa yi-FMA elidweliswe kwi-Vienna Stock Exchange ngaphantsi kwe-ticker WPB, ngumvelisi. I-OIA, i-Oman Investment Authority, nayo yimvelisi yesivumelwano sebhishinisi.  , ekhokelwa yiNimbus Capital ( $ 25 yezigidi), kunye neMagnus Capital neFrekaz Group nazo zibandakanyekile. I-REAL Finance yazuza i- $ 29 yezigidi Ibhala ibandakanya inkqubo yokulinganisa ingozi yendalo ye protocol enika i-tokenized asset nganye igrrethi ukusuka kwi-A ukuya kwi-F kwinqanaba lenkqubo, kungekhona kwinqanaba lesicelo. I-tokenized bond elinganiselwe kwi-C yenza umahluko kwi-chain kunale ilinganiselwe kwi-A — ukuhlela kufakwe kwi-asethi ngokwayo. Inxalenye yesithathu yi-Disaster Recovery Fund (DRF): isitokhwe esikwi-chain esixhaswa ziimveliso zenkqubo, nto leyo ethetha ukuba inxalenye yezikhundla zenethiwekhi ingena esitokweni esihlawula abanini beasethi xa kwenzeka ukusilela okanye ukusilela kokusebenza. Akukho nkqubo efanayo ekhoyo kwi-protocol ye-RWA yokukhuphisana ngexesha lokubhalwa. Umz. 2 — Ibhodi yeREAL Finance: Imali ebiqokelelweyo kunye nomgca wokupheliswa wokupheliswa (ngasekupheleni phezulu); ukwahlulwa kwabaxhasi bemashishini (ngasekupheleni phezulu); ukulinganisa kwezinto ezisithoba ezibalulekileyo ngokuchasene nabalingani (ngasekhohlo ezantsi); izitshixo ezibalulekileyo (ngasekunene ezantsi). Imithombo:  ; uxwebhu lolwazi lwenkampani;  Ventureburn Dec 2025 REAL Finance I-REAL Finance yiyo kuphela i-protocol ye-RWA enomnikeli webhanki elawulwayo edweliswe esidlangalaleni, ukulinganisa ingozi ye-A-F yendalo, kunye ne-Disaster Recovery Fund ekwi-chain. Zonke izinto ezintathu kwinqanaba elinye bubungqangi obungatshonelwa ngumntu ongakhuphisani naye. Ubume: I-Ondo Finance Nemida Yayo  ngoku yiyo ibakala le-RWA ethi i-tokenized ibe nobume. I-TVL yayo yafikelela kwindawo ephezulu kakhulu kwi-  , kwaye i-SEC yavalela uphando oluyiminyaka emininzi kwi-protocol ngaphandle kokufaka izityholo — umqondiso obalulekileyo wokulawula kwimarike yemashishini yase-US. I-Ondo Finance $ 1.926 yeebhiliyoni ngoDisemba 2025 Iimveliso eziphambili ze-Ondo ziyi-  , ibonelela ngofikelelo lwemashishini kwii-US Treasuries ezimfutshane ezixhaswa yimali ye-BlackRock BUIDL kwaye idlula i- $ 1 yeebhiliyoni kwi-TVL, kunye ne-  , itokeni yeedola egcina inzuzo efunyenwa ngabavelisi bangaphandle kwe-US malunga ne- $ 634 yezigidi kwi-TVL. Indawo ixhaswa yi-Pantera Capital, i-Founders Fund, i-Goldman Sachs, kunye ne-Coinbase Ventures. I-TVL yakhula ukusuka kwi- $ 40 yezigidi ekuqaleni kuka-2024 ukuya kwi- $ 1.93 yeebhiliyoni ngasekupheleni kuka-2025. OUSG USDY Umz. 3 — Ukuhamba kwe-TVL ye-Ondo Finance: U-Januwari 2024 ukuya kuDisemba 2025 kunye neenzathu ezigqamileyo. Imithombo:  ;  ;  ;  Messari I-Defiant DeFiLlama Ainvest Jan 2026 I-Ondo yimveliso eqinisekisiweyo enotshato oluyinyani kodwa umda wayo uyilwe ngabakwa: i-Ondo yigumbi lokusasaza, hayi inkqubo. Isebenza kwiibhala ezikhoyo kwaye ayinayo ibhala yayo, umiselweyo wabavelisi, okanye indlela yokubuyisela. Ukuphathwa kwayo kwengozi kusekude kwi-chain. Ukuba umkhwebuli kwi-Ondo uyasilela, akukho qhakanyiselwa kwinqanaba lenkqubo. I-OUSG ichongiwe kubathengi abafanelekileyo abaneentsilelo ezinkulu zemali, kwaye i-USDY ayibandakanyi abantu base-US ngokupheleleyo ngenxa yeengqongqo zeRegulation S. Ibali Eliyisikelo: I-MANTRA Nentsilelo Yokuphendula  yayiyona yona yona ingaboniswa kakhulu kwi-RWA Layer 1 narrative kwimakethi ka-2024 nasekuqaleni kuka-2025. Yakhelwe kwi-Cosmos SDK, ilayisensi yi-VARA eDubai, ilistwe yi-OKX, kwaye yabambisana neDAMAC Group kwi-  . Itokeni yayo ye-OM yafikelela kwimarike enkulu ye- $ 8 yeebhiliyoni. Emva koko, nge-14 ka-Epreli, 2025, i-OM yawa nge-90% kwimizuzu engama-20. I-MANTRA Chain i- $ 1 yeebhiliyoni ye-RWA tokenization programme Umz. 4 — Ukuhla kwe-MANTRA OM Token: Ixabiso ukusuka ngo-Oktobha 2024 ukuya kuJanuwari 2026. Imithombo:  ;  ;  CoinGecko I-Defiant CCN I-TVL yawa ukusuka kwi- $ 4.26 yezigidi ukuya ngaphantsi kwe- $ 590,000 kungadala iveki ezimbini. Iqela libeke impazamo ekuhluthweni okugqithisileyo kwi-exchanges eziqwalelweyo. Umphenyi we-on-chain uZachXBT wayenobutyala ngokungathembanga esidlangalaleni.  . NgokukaMatshi 2026, i-OM ithengisa malunga ne- $ 0.08, yehle nge-98% ukusuka kwindawo yayo ephezulu. IMANTRA ibhengeze ukuncitshiswa kwabasebenzi ngoJanuwari 2026 Eli bali le-MANTRA libonisa ukuba kwenzeka ntoni xa ixabiso letokheni libe lelona thatho liphambili lokuphila kwenkqubo. IMANTRA yayinamaxabiso, i-mainnet esebenzayo, kunye neelayisensi zangempela zorawulo. Akukho nalunye kuloo nto lwakhusela abathengi xa imakethi yetokheni yahluleka. Akukho ndlela yokubuyisela, akukho mveliso ejongene nabashishini, kwaye akukho qhakanyiselwa kwi-chain. Intloko Kwiintloko: Ikhadi Lokuqhathanisa Inkqubo Itheyibhile kunye neentshizi ezilandelayo ziqhathanisa zonke ii-protocols ezintathu kwizinto ezilithoba ezibaluleke kakhulu ekungeneni kwemashishini. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Uphando 
 REAL Finance 
 Ondo Finance 
 MANTRA Chain 
 
 
 
 
 
 Ukubunjwa 
 I-L1 eyakhiwe yona 
 Umgca wesicelo kwi-ETH/SOL 
 I-Cosmos SDK L1 
 
 
 
 
 
 Umnikeli webhanki enelayisensi 
 ✓ Wiener Privatbank (FMA) 
 Akukho 
 Akukho 
 
 
 
 
 
 Ukulinganisa ingozi kwi-chain 
 ✓ A–F yendalo yenkqubo 
 Akukho 
 Akukho 
 
 
 
 
 
 Indlela yokubuyisela (DRF) 
 ✓ Isitokhwe sangaphakathi 
 Akukho 
 Akukho 
 
 
 
 
 
 I-stablecoin yendalo 
 ✓ rEUR + RILP 
 ✓ USDY ( $ 634M) 
 Akukho 
 
 
 
 
 
 Indlela zorawulo 
 I-FMA + i-FINMA iyakha 
 I-SEC ivalelwe, akukho zityholo 
 I-VARA Dubai 
 
 
 
 
 
 Inqanaba / iTVL 
 Ngaphambi kwe-mainnet, $ 500M pipeline 
 Iphilile, $ 1.93B TVL 
 Iphilile, <$ 1M TVL (emva kokuhla) 
 
 
 
 
 
 Inkxaso yeenjishini 
 Ibhanki elawulwayo + isikhwama serawutho 
 I-Pantera, i-Goldman Sachs, i-Founders Fund 
 I-Crypto VCs kuphela 
 
 
 
 
 
 Iindidi zeeasethi 
 Ubomi obugcwele beeasethi ezininzi 
 I-US Treasuries (yokuqala) 
 Iiasethi ezininzi (ezonakeleyo) Itheyibhile 1 — Ikhadi lokuqhathanisa inkqubo. Kusekelwe kwiinkcukacha zenkqubo eziboniswe esidlangalaleni, uMatshi 2026. Umz. 5 — Ibhodi yokuqhathanisa inkqubo: Izikhombisi ze-YES/NO kuzo zonke iindidi ezilithoba. Imithombo: iinkcukacha zenkampani;  ;  ;  ;  BCG/ADDX Messari I-Defiant Ventureburn Umz. 6 — I-radar yokulungela imashishini: Ukulinganisa komhlalutyi ngeendidi ezisithoba. Ayisoloxukise ngemali. Imithombo: iinkcukacha zenkampani; iziqikelelo zomhlalutyi. Ukuqhathanisa Okubalulekileyo Kwango-2026 I-Ondo iphumelela kwi-TVL kunye nokucaca kolawulo lwase-US. IMANTRA yayinebali elinamandla ngokukhula, kwaye emva koko yabonisa ukuba ukungabikho kokuphendula kwemashishini kubonakala njani ngexesha lodlakulo. I-REAL Finance ingaphambi kwe-mainnet, nto leyo ethetha ukuba inobungozi bokwenza. Kodwa ikwayiyo kuphela inkqubo eqelweyo ehle ngaxeshanye kwiindlela ezintathu zokungena kwemashishini: inkxaso yorhwebo evela kwibhanki enelayisensi, ukuhlela ingozi kwendalo yenkqubo, kunye nendlela yokubuyisela umthengi. I-   kubandakanya ukwamkelwa okubanzi kuzo zonke izibambiso, ii-real estate, iibonti, ii-funds, kunye nezinye iiasethi — hayi ii-US Treasuries kuphela. Njengoko  , izithintelo zolawulo kunye nesantya sokuguqulelwa kwenkqubo phakathi kweziziko zemali zihlala ziyintshutshiso yokuba le makethi ingakhula ngokukhawuleza kangakanani. Inkqubo egubungela ubomi obugcwele beeasethi kunye nokuthotyelwa okwakhiweyo kunye nendlela yokubuyisela ifakwe kwi-whole market, hayi nje isikwere esinye. Ukuqikelelwa kweBCG/ADDX kwe- $ 16.1 trillion ngo-2030 uhlalutyo lukaMcKinsey lubonisa Isiziko esihlalutya inkqubo ye-RWA ngo-2026 sinenketho phakathi kwe-TVL eqinisekisiweyo enendawo yeasethi elinganiselweyo (Ondo), ibali lesikelo lokungabikho kokuphendula (MANTRA), okanye inkqubo engaphambi kwe-mainnet enenkqubo yokuthotyelwa enzulu kwicandelo (REAL Finance). Ukubala ubungozi bubungozi bokwenza ngokuchasene nobungozi besakhiwo kwaye imakethi yokubeka ii-RWA idlule umda wokuthembeka. U-BlackRock, uJPMorgan, kunye neFranklin Templeton bonke bahambele phambili ukusuka kwizilingo ukuya kwimveliso.  , kodwa yeyona nkqubo yebhala yakha yaba yimigangatho yokuphuma kwemashishini. Umbuzo ka-2026 ngoku ayiseyondlela yokuba ukubeka ii-tokens kuyasebenza I-REAL Finance yenza utshala mali oluthile: ukuba iziziko ezinemali yokuhambisa iimakethi, ii-banks, izikhwama zerawutho, abalawuli beeasethi, abayi kwakha kwiibhala ezingezizo ezam zajongana nazo ngeemodyuli zokuthotyelwa ezisekelwe kwi-application. Bayakwakha kwinkqubo eyenzelwe bona, eqinisekiswe ziziziko abazaziyo kakuhle, kunye nemiqolo yengozi abanokuyichaza kubalawuli babo. I- $ 500 yezigidi eziqinisekisiweyo zokubeka iasethi, ubukho be-Wiener Privatbank kunye ne-OIA njengabaxhasi, kunye ne-entity ye-FINMA ekwakhiweni konke kubonisa ngasecaleni kweso sigaba. I-mainnet ka-Epreli 2026 iya kuba yobungqina. Ukudalulwa: Eli nqaku lenziwe ngeenjongo zokuhlela kunye nobuntatheli. Akukho nto kule nto ingaba yingcebiso yemali okanye utyalo-mali. Umbhali akabambanga zikhundla kuyo nayiphi na inkqubo ekhankanyiweyo. Zonke izinto zedatha ziphumela kwaye zicatshulwe. Ukulinganisa komhlalutyi kwitshathi yomjikelezo ngamaqikelelo okuhlela kwaye ayilonkxaso yotyalo-mali.

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Winner of Noonies 2020 for the award Hacker Noon Contributor of the Year - DATA.

2020 - Hacker Noon Contributor of the Year in DATA

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