Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/the-$30-trillion-rwa-shift-how-top-players-are-backing-different-futures.
REAL Finance enters the RWA race with a licensed bank backer, on-chain risk scoring, and a Disaster Recovery Fund. Here is how it compares to Ondo and MANTRA.
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The RWA tokenization market crossed $24 billion in 2025, up 380% from $5 billion in 2022. Most protocols distribute assets on existing blockchains. REAL Finance is building a purpose-built Layer 1 with a licensed bank as a validator, protocol-native A-to-F risk scoring, and an on-chain Disaster Recovery Fund. Ondo Finance leads on TVL at $1.93 billion with proven product-market fit for tokenized US Treasuries. MANTRA Chain had an $8 billion market cap, then lost 90% of its token value in 20 minutes. This article compares all three on the dimensions that determine institutional adoption, with data.