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Editorial policyOn-chain tokenised real-world assets exceeded $30B in June 2026, with OUSG on Aave and BlackRock BUIDL integrations driving institutional DeFi lending. Here is how RWA collateral is changing money markets.
Quick answer
Tokenised US Treasuries and money market funds on-chain surpassed $30B AUM in June 2026. Ondo's OUSG is accepted as Aave collateral; BlackRock BUIDL and Superstate USTB expand issuer options. RWA collateral lets DeFi borrowers access Treasury yield exposure while keeping loans on-chain — bridging institutional finance and protocols like Aave, Morpho, and SparkLend.
Real-world asset tokenisation is no longer a pilot — it is a measurable slice of DeFi TVL. June 2026 data shows on-chain tokenised Treasury and money-market products collectively above $30 billion, up from the $20 billion milestone crossed earlier in the year. Issuers include DeFi-native Ondo Finance, institutional giant BlackRock via BUIDL, Franklin Templeton, and newer entrants like Superstate.
The DeFi integration layer matters as much as issuance: when OUSG became usable as Aave collateral, it created a path for qualified holders to borrow stablecoins against Treasury exposure without selling the underlying fund tokens.
RWA collateral introduces a new risk-return profile: counterparty and issuer risk replaces pure smart-contract volatility risk, but yields track risk-free rates rather than token emissions. For DAO treasuries and sophisticated users, RWA-backed borrowing is a capital-efficiency tool — hold Treasuries, borrow stablecoins for DeFi strategies, repay from yield.
Retail access remains gated: most RWA products require KYC and qualified investor status. Permissionless stablecoins (USDC, DAI) remain the default for open DeFi — but the ceiling for institutional capital is rising with each new collateral listing.
FAQ
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