BitMart Report Highlights Infrastructure Gaps in Tokenized RWA Deployment
Event summary
- BitMart released its second State of Real-World Assets report on May 20, 2026, analyzing the gap between regulatory clarity and institutional deployment.
- Onchain RWA TVL surged from $6 billion in early 2025 to $24.6 billion by April 2026, but only 10% is actively used as DeFi collateral.
- BlackRock's BUIDL fund crossed $2.4 billion in AUM, demonstrating the potential when compliant custody and DeFi integration converge.
- Tokenized private credit offers 8-12% annualized yields, dominating DeFi lending deposits despite representing a fraction of total tokenized AUM.
The big picture
BitMart's report underscores the disconnect between regulatory progress and institutional deployment in the tokenized RWA market. While regulatory frameworks like the GENIUS Act and MiCA have been established, operational barriers such as custody gaps and liquidity fragmentation are slowing down capital deployment. The report highlights the significant untapped potential in the high-net-worth market, which could drive the next wave of growth in the digital asset space.
What we're watching
- Infrastructure Development
- How the pace of custody standards, cross-chain liquidity, and legal enforceability improvements will affect institutional adoption.
- Regulatory Compliance
- Whether the current regulatory frameworks will be sufficient to support the scale of institutional deployment expected.
- Market Opportunity
- The extent to which high-net-worth investors will allocate capital to tokenized RWAs, given the potential 160x market size expansion.