2019: RWAs were basically a ghost town


Tokenized assets are just VC buzzwords
2021: quietly started getting real pilots
Most people still ignored it
2023: institutions finally stepped in
Suddenly it wasn’t a joke anymore
2025+: billions flowing on-chain
Same cycle and disbelief phase
Market always laughs before it reallocates
RWAs right now feel exactly like DeFi in early 2020
Low attention
Low understanding
High skepticism
Meanwhile the rails are being built underneath everyone
By the time it’s obvious, easy money is usually gone
DEFI-2,02%
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