Only $2.47 billion of nearly $30 billion in tokenized RWAs is active in DeFi, showing how compliance rails still limit open-market use.The tokenized real-world asset market is nearing $30 billion on-chain, but most of that growth is still sitting outside DeFi. DefiLlama data shows only $2.47 billion is active in DeFi protocols, exposing the gap between tokenized ownership and assets that can actually move through open crypto markets.
The rest of the tokenized real-world assets market sits outside the lending markets and collateral vaults that make crypto assets composable. Bond and money market funds are the largest single RWA category at over $16.6 billion on-chain, yet they carry only $920 million in DeFi active total value locked (TVL).$BTC
