The RWA market has huge potential, and Aptos has emerged strongly.

Tokenization of real-world assets ( RWA ), as a highly anticipated track, has yet to fully realize its potential in connecting traditional markets with trillions of dollars in assets. Data shows that the total market value of RWA assets in the crypto industry is only $24 billion, despite a 56% growth in the first half of this year. This indicates that the development of RWA is still in its early stages, and as more asset classes achieve tokenization, it will enter a new phase of development in the future.

It is worth noting that Aptos has performed exceptionally well in the RWA field recently. In the past 30 days, its total on-chain RWA locked value (TVL) increased by 56.4%, reaching $538 million, ranking third among public chains. With the continuous improvement of its ecosystem, Aptos is expected to gain a competitive advantage in the next phase of RWA.

Private credit dominates the current RWA market

Private credit accounts for 58% of RWA assets, becoming the most关注的 asset class, followed by U.S. Treasury bonds. Private credit assets mainly exist in on-chain form and generally lack trading liquidity, while U.S. Treasury bonds face competitive pressure from interest-bearing stablecoins.

Private credit refers to loans provided by non-bank institutions or investors to enterprises or individuals in the private market. Traditional private credit attracts a large number of institutional investors due to its flexibility and high returns, but it also faces issues such as high costs, low efficiency, and access restrictions.

The encryption protocol issues and manages assets on-chain, eliminating multiple intermediaries to reduce costs, and provides real-time performance data to increase transparency.

Private Credit Asset Tokenization Process

1. Off-chain credit asset generation

The asset issuer is responsible for generating off-chain credit assets. Private credit institutions, small and medium-sized enterprise financing platforms, or regional credit market operators establish loan agreements, set collateral assets, devise repayment plans and default terms, and review the borrower's financial condition. This step ensures that the assets meet traditional financial standards, laying the foundation for subsequent tokenization.

2. Build On-chain Token Structure

Through the RWA protocol, single or multiple loans are mapped to on-chain tokens. The token forms include NFT, SFT, or ERC-20 type. The token metadata covers borrower anonymous identification, principal amount, interest rate, repayment frequency, maturity date, collateral asset details, and default handling mechanism. Smart contracts support repayment status management, automatic yield distribution, and early redemption or transfer.

3. Compliance Packaging

The tokenization process must comply with regulatory requirements. Establish a special purpose vehicle (SPV) or a virtual asset service provider (VASP) as the legal custodian. Investors need to complete KYC/KYB and AML reviews. Off-chain disclosure documents clearly define the nature of the tokens, combined with on-chain hash verification and off-chain encrypted storage of personal identity information to ensure compliance.

4. Token Issuance and Financing

Show tokens through the platform and accept on-chain investments. After completing KYC verification, investors use cryptocurrency to invest and receive RWA tokens as proof, and receive repayment of principal and interest on schedule.

5. Profit Distribution and Asset Settlement

The borrower repays according to the plan, and the funds are collected by the issuer and transferred to the SPV, which distributes them to token holders through a smart contract. The principal is automatically returned upon loan maturity or arrangements are made for asset continuation. Some token structures allow for trading on decentralized exchanges or RWA-specific markets.

Aptos's Competitive Advantages in the RWA Field

Technical Advantages

Aptos, as a new generation public blockchain, provides unique advantages for RWA applications with its technical architecture:

• High throughput and low latency: Theoretical throughput can reach 150,000 TPS, while actual production environments stabilize at 4,000-5,000 TPS. The final confirmation time for transactions is only 650 milliseconds, supporting instant settlement.
• Low transaction costs: average fee is less than $0.01, which is conducive to frequent on-chain operations.
• Modular architecture and scalability: separation of consensus, execution, and storage layers allows for independent optimization of each layer, suitable for complex RWA asset management.

ecological layout

Aptos has enhanced its competitiveness by collaborating with traditional financial giants and expanding its DeFi ecosystem.

• Institutional collaboration: Introduced Ondo Finance's USDY, Franklin Templeton's BENJI token, etc., enhancing compliance and credibility.
• Regulatory Friendly: Built-in on-chain identity verification and asset tracking features, in line with global regulatory trends. Selected by the state of Wyoming as a candidate chain for the stablecoin project WYST.
• Emerging market positioning: Focus on regions with insufficient financial inclusion, such as the diversified financing products issued by BSFG on the Aptos chain.

Summary

Aptos is rapidly rising in the RWA sector, with RWA TVL reaching $538 million in June 2025, ranking third among public chains. It is mainly driven by private credit, with the Pact protocol contributing over $420 million in assets. Private credit, as the growth engine of RWA, achieves on-chain composability through tokenization, generating substantial returns.

The technical advantages of Aptos support real-time lending and settlement, and future integration with projects like Aave may further activate its potential. With the optimization of the regulatory environment and the expansion of the DeFi ecosystem, Aptos is expected to add $500 million in RWA TVL by 2026, demonstrating continued growth potential.