RWA deposits in DeFi more than triple over the past year

CoinShares said tokenized real-world assets are becoming established as actively used assets in onchain finance, according to Cointelegraph. In a report, CoinShares said RWA deposits on DeFi platforms reached $7.4 billion in the second quarter of this year, more than tripling from a year earlier, while total DeFi deposits fell around 15%. CoinShares said this suggests demand for RWAs is being driven by practical use cases rather than broader market sentiment. The firm added that if a specific asset class grows even as the broader ecosystem remains sluggish, the demand stems from financial utility rather than market cycles, and that the RWA market is entering a new phase as investors use the assets as collateral, yield-generating instruments, and products for onchain trading.