#Gate广场四月发帖挑战

Why is RWA gaining explosive popularity? - Over $50 million in weekly funding

From March 30 to April 5, there were 16 investment and financing events in the global blockchain space, totaling over $264 million. The RWA (Real World Assets) track dominated with $50 million. As meme narratives fade and risk-hedging demand rises, capital is shifting from emotion-driven speculative assets to assets with actual cash flow support.

🏩 RWA real asset scale: Rapid development and moving toward retail investors

Data shows that tokenized U.S. Treasuries grew from less than $4 billion at the beginning of 2025 to $12.78 billion in April 2026, more than tripling in two years. On-chain RWA holders increased from 84k to 589k, a growth of over 600%. These numbers indicate that RWA is transitioning from institutional experiments to accessible for retail investors, and retail accessibility is often a prerequisite for asset class scaling.

💰 RWA funding boom: From infrastructure to tokenization platforms

(1) Midas $50 million Series A: Underlying infrastructure solving liquidity pain points

In this round, Berlin-based RWA infrastructure company Midas raised $50 million in Series A, led by RRE and Creandum, with participation from Framework Ventures, Franklin Templeton, and Cbase Ventures.

Midas’s core innovation is the "Midas Staked Liquidity" (MSL) system. Traditional tokenized assets face issues: easy issuance but difficult exit. Many products use a "treasury-style" structure, where redemptions require queuing, locking liquidity in smart contracts. MSL creates an independent liquidity layer alongside yield products, enabling instant, atomic redemptions without relying on external market makers or bearing settlement risk.

Since 2024, Midas has issued $1.7 billion in tokenized assets, distributing $37 million in returns to investors.

We believe the significance of this funding is that Midas is not focused on asset issuance but on building the liquidity layer. In the RWA space, issuance platforms are already numerous—BlackRock, Franklin Templeton, Ondo are all launching products. The real bottleneck is secondary market liquidity. Midas targets this pain point, which is why it attracted investments from traditional asset management giants like Franklin Templeton.

(2) Brickken completes €3 million Pre-A funding

Based in Barcelona, Spain, RWA tokenization platform Brickken secured €3 million in Pre-A funding, with Dedagroup and GRX participating. Brickken focuses on tokenizing a variety of assets including stocks, debt, bonds, funds, real estate, and commodities, with plans to expand into the EU and UAE markets. In the view of Xiao Caishen, these two typical cases reveal two key directions in current RWA capital deployment: first, infrastructure addressing liquidity pain points; second, compliant, full-category tokenization platforms.

Capital deployment in the RWA space is no coincidence. Currently, the number of on-chain RWA asset holders has surged from 84k to 589k, a growth of over 600%, marking a qualitative change in user base. Additionally, the overall global RWA market is expected to surpass one trillion USD by 2026, with public issuance markets exceeding $50 billion. As user and asset scales grow simultaneously, the demand for infrastructure capital naturally rises.

🔨 Why does RWA continue to attract funds? - Compliance and institutional push

1. Institutional-level compliance framework

The surge in tokenized U.S. Treasuries shows that institutional compliance is a core prerequisite for RWA ecosystem expansion. BlackRock’s BUIDL fund (a dollar-based institutional digital liquidity fund), launched in March 2024, has become an industry benchmark, with a market cap exceeding $1.2 billion. In February 2026, BlackRock further opened trading of its $2.2 billion tokenized U.S. Treasury fund BUIDL on decentralized exchange Uniswap, marking its first official move into DeFi. This step has opened a critical channel for institutional-grade compliant RWA assets to enter the DeFi ecosystem.

2. Regulatory and compliance developments

On the regulatory front, key progress is accelerating. On December 11, 2025, the U.S. SEC issued a "no-action letter" to DTCC’s subsidiary, Depository Trust Company (DTC), approving tokenization on its pre-approved blockchain of the following assets:

- Russell 1000 index constituents

- ETFs tracking major indices

- U.S. Treasuries (including T-bills, bonds, and notes)

The service is expected to launch in the second half of 2026, with a validity of three years. DTCC is one of the world’s largest financial infrastructure institutions, with total settlement transactions reaching $37 trillion in 2024. Its involvement fundamentally changes the credibility and scale expectations of the tokenization market. When the clearing layer itself begins tokenization, the boundary between "on-chain" and "off-chain" becomes blurred.

Meanwhile, the continuous improvement of compliant infrastructure is attracting more institutional capital. When the world’s largest asset manager and the largest clearinghouse both go "on-chain," the RWA track is no longer a niche for crypto natives but a strategic hub for deep integration between traditional finance and Web3.