Tokenized real-world asset (RWA) deposits continue to grow even as parts of the broader decentralized finance (DeFi) sector slow. CoinShares data cited by both outlets shows deposits of tokenized RWAs into lending platforms and decentralized exchanges (DEXs) rise from $2.3 billion in Q2 2025 to $7.4 billion in Q2 2026—more than tripling over the year. The reports say this growth reflects that tokenized RWAs move beyond initial issuance and increasingly find usage in on-chain lending and trading.
CoinShares also links the RWA momentum to broader activity levels in DeFi: while lending and trading activity expands alongside these deposits, the overall industry faces a slowdown relative to earlier periods. In this context, the RWA segment is described as outperforming, with increased capital allocation into DeFi venues through tokenized assets.
Both sources present the same core figures and interpretation—that tokenized RWA deposits are rising sharply and are increasingly deployed in DeFi lending and exchange activity.
