CoinShares Research: Tokenized RWA Deposits Triple to $7.4B

CoinShares PLC, in collaboration with Token Terminal, published its second research report, "The Growth of Hybrid Finance." The report indicates that deposits of tokenized real-world assets (RWAs) more than tripled to $7.4 billion over the past year, while total deposits across decentralized finance (DeFi) fell by about 15%. This trend supports CoinShares' investment thesis that finance is converging with blockchain infrastructure, with traditional assets increasingly being tokenized and utilized on-chain. The report highlights that the most active tokenized assets are conventional exposures like Treasuries, gold, and equity indexes, rather than crypto assets.