The RWA market has enormous potential, and Aptos is emerging in the field.

Tokenization of Real Assets ( RWA ) is a highly anticipated field, and its potential to connect traditional markets with enormous assets has yet to be fully realized. Data shows that the total market value of RWA assets in the crypto industry is currently only $24 billion, and despite a 56% growth in the first half of this year, it remains in its infancy. In the future, as more types of assets achieve tokenization, RWA is expected to enter a new stage of development.

Aptos has stood out during this critical period. In the last 30 days, its total on-chain RWA locked value (TVL) increased by 56.4% to $538 million, rising to the third position among public chains. With the addition of new protocols, Aptos may hold an advantageous position in the next phase of RWA competition.

Private credit leads the current RWA market

Private credit accounts for 58% of RWA assets and is the most关注的 asset class, followed by US Treasury bonds. Private credit assets primarily exist in on-chain form and have lower liquidity; meanwhile, US Treasury bonds face competitive pressure from interest-bearing stablecoins.

Private credit refers to loans provided by non-bank institutions or investors to businesses or individuals in the non-public market. Although traditional private credit can yield considerable returns, it faces issues such as high costs, low efficiency, and entry barriers. Crypto protocols address these pain points by issuing and managing assets on-chain, reducing intermediary costs and increasing transparency.

Private Credit Asset Tokenization Process

1. Off-chain credit asset generation: The asset issuer generates off-chain credit assets that meet traditional financial standards.

2. Build the on-chain token structure: Map loans to on-chain tokens through the RWA protocol, which can take forms such as NFT, SFT, or ERC-20.

3. Compliance Packaging: Establish special purpose entities as legal custodians to ensure compliance with regulatory requirements.

4. Token Issuance and Financing: Display tokens on the protocol platform and accept investments.

5. Profit distribution and asset settlement: After the borrower repays the loan, it is automatically distributed to token holders through smart contracts.

Advantages of Aptos in the RWA Track

Technical Advantages

• High throughput and low latency: Theoretical throughput can reach 150,000 TPS, while actual environments stabilize at 4,000-5,000 TPS, with a transaction confirmation time of only 650 milliseconds.
• Low transaction costs: average transaction fees are less than $0.01.
• Modular architecture and scalability: Supports complex asset management needs.

ecological layout

• Institutional Collaboration: Partnering with financial institutions such as Ondo Finance and Franklin Templeton to enhance credibility.
• Regulatory Friendly: Built-in on-chain identity verification and asset tracking features that comply with regulatory requirements.
• Emerging market positioning: Focus on areas with insufficient financial inclusion and promote ecological development.

Current Status of the Aptos RWA Ecosystem

As of June 2025, the total locked value of Aptos RWA reached $538 million, ranking third among public chains. Among them, the Pact protocol contributed approximately $420 million in assets, accounting for 77%. The main products include:

• BSFG-EM-1: Short-term small loans for emerging markets, totaling $160 million.
• BSFG-EM-NPA-1/2: Special pool for bad debts or defaulted loans, with a scale of $188 million.
• BSFG-CAD-1: Canadian residential property mortgage loan, amounting to $44 million.
• BSFG-AD-1: Operating loan aimed at small and micro enterprises in the UAE, with a scale of 16 million USD.
• BSFG-KES-1: Targeting the retail credit market in Kenya, with a scale of $5.6 million.

Future Outlook

The rapid development of Aptos in the RWA sector is attributed to its technological advantages and ecological layout. Private credit, as the growth engine of RWA, achieves on-chain composability through tokenization, generating annualized returns of 6%-15%. Aptos's low transaction fees and fast confirmation times support real-time lending and settlement.

As the interest rate spread in traditional financial markets tightens, institutional investors are turning to on-chain solutions. Aptos fills the financing gap for small and medium-sized enterprises by serving emerging markets. In the future, 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 sustained growth potential in the private credit sector.