POPA ReconBiggest RWA Funding Rounds of 2026
Biggest RWA Funding Rounds of 2026 Tether's $150M for ~12% of Gold.com is the largest RWA round of the year – and it's not a tokenization play. Gold.com sells physical bullion; Tether bought distribution for XAU₮ and has since become the dealer's main creditor with ~$1.5B in metal-lease financing. Below it, the money went to plumbing: Superstate ($82.5M) for fund infrastructure, RQD Clearing ($74M) for tokenized-market clearing and custody, and Valinor, Hivemind, OpenTrade and Tare (~$72M combined) for onchain credit. Nobody in the top seven is minting a new token – they're building rails fo…
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