Private credit is now over half of all tokenized RWAs: $30.1B of $54.3B, versus $8.8B in Treasuries.
Source reports
- Private credit is now over half of all tokenized RWAs: $30.1B of $54.3B, versus $8.8B in Treasuries. Almost all of it is one lender's home-equity loans, so on-chain "RWA growth" is mostly lending, not the Treasury and gold story people expect. — Rickler Feed, Nov 5, 2026, 10:01 UTC
Excerpts are quoted from the linked sources, which own their text.