It’s not evenly spread—funds are landing where risk, yield, and infrastructure align.
Short-term havens: Treasury & cash-equivalents remain the largest on‑chain RWA pool—stable, regulatory-friendly, and easy to collateralize. Expect continued demand from custody-first players.
Yield seekers: Tokenized credit and short-duration corporates are attracting institutional allocators chasing pickup over cash, especially where legal wrappers and auditing provide clarity.
Infrastructure bets: Custody protocols, tokenization rails, and programmable settlement layers see steady VC and protocol treasury flows—these enable scale across all RWA types.
Select growth pockets: Real estate fractionalization and renewable-energy revenue streams are smaller but showing outsized private capital interest where token economics and revenue contracts are transparent.
Watch these signals: on‑chain TVL in RWA contracts, new legal SPV issuances, secondary-market trade volume, custody/insurance product launches, and inflows into tokenized treasury pools.
Are you reallocating into yield-bearing RWAs, or keeping liquidity in cash-equivalents until more legal clarity arrives?
