RWAs - DeFi Blog

Analysis RWAs 18 May 2026

T. Rowe's Kroger: Tokenization's Real 2026 Win Is Access

T. Rowe Price's David Kroger on why the cost-savings story for tokenization is overhyped, what's actually onboarding TradFi capital, and the vault-vs-ETF condition for 2031.

Nick Sawinyh

Analysis RWAs 09 May 2026

Distributed vs. Represented: A Cleaner RWA Lens

rwa.xyz split tokenized assets into Distributed (~$30B) and Represented (~$438B). The lens is cleaner, but the $100B-by-year-end forecast does not survive the math.

Nick Sawinyh

Analysis RWAs 23 Apr 2026

Agra Bonds: A CLOB for Tokenized Credit

Agra Bonds is a beta Ethereum orderbook for tokenized private credit. Here is how the rate-quoted CLOB works, what is actually live, and where it sits in the RWA landscape....

Nick Sawinyh