Onchain RWA Market Reaches $282 Billion, But Only 10% Has Entered DeFi: Castle Labs

RWA-1.26%
BLK-3.23%
According to Castle Labs, the onchain real-world asset market reached $282 billion as of June 2026, up 500% since early 2025, though it has since retreated from a peak of $318 billion. Tokenized U.S. Treasury securities and money market funds remain the largest category at $170 billion, or nearly 60% of the RWA market, with BlackRock BUIDL and Hashnote USYC each exceeding $3 billion. However, only approximately $30 billion of the $282 billion RWA has entered DeFi, representing roughly 10% penetration, indicating that redemption mechanisms and DeFi composability remain the sector's primary bottleneck.
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