The market for real world assets (RWA) in cryptocurrency is growing at a staggering rate. Last quarter, the volume of tokenized Treasury bills, including funds from BlackRock, Superstate and Ondo, increased 41% to nearly $1.3 billion.

Large institutions contribute significantly to the growth of the sector. BlackRock launched a Treasury bill product that attracted $280 million in deposits. Superstate raised $82 million through the T-bill tokenized fund.

Existing RWA players are also expanding their offerings. Ondo Finance has transferred deposits to its new USDY product. Centrifuge continues to expand its platform for tokenizing real-world assets.

DeFi protocols are looking for ways to incorporate RWA revenues. Morpho allows managers to create non-custodial vaults that pass on RWA proceeds to DeFi users. TrueFi launches Trinity, allowing users to use tokenized T-Bills as collateral.

RWA is a potential engine of cryptocurrency growth in the coming years. If these trends continue, tokenized real world assets in the trillions by 2030 could become a reality.