Ondo Finance and the RWA market are quietly moving into a different phase.

While much of crypto remains price-focused, real-world asset tokenization is expanding through institutional experimentation, not retail speculation.

RWAs tripled to ~$18.5B in 2025 and are now DeFi’s fifth-largest category by TVL, surpassing DEXs. Forecasts from Cantor Fitzgerald suggest this figure could exceed $50B by 2026 as more financial institutions test onchain settlement.

@OndoFinance sits at the center of this shift.

Rather than chasing experimental use cases, Ondo has focused on regulated, capital-efficient access to tokenized financial products. Tokenized stocks have reached all-time highs, and Ondo Global Markets continues to lead adoption across @ethereum and @BNBCHAIN , with @solana integration expected next.

What’s notable isn’t just growth, but who is driving it.

Banks, asset managers, and financial institutions are increasingly comfortable experimenting with onchain representations of traditional assets, particularly as regulatory clarity improves. Recent signals from the FDIC around tokenized deposits suggest formal guidance is coming, reducing uncertainty around how these products fit within existing frameworks.

That matters.

RWAs don’t rely on speculative cycles to grow. They scale when settlement becomes cheaper, faster, and more transparent than existing rails. As tokenized deposits, treasuries, and equities move closer to regulatory acceptance, the demand for compliant infrastructure increases.

Ondo’s strategy aligns with this reality.

Growth here is structural, not narrative-driven. Even if broader crypto markets cool, RWA adoption can continue progressing beneath the surface, quietly, methodically, and with institutional backing.

This is what early-stage financial infrastructure looks like.