Goldman Sachs is distributing its roughly $100 billion FTIXX Treasury fund through Lynq, a permissioned Avalanche settlement network, without tokenizing it. Lynq's crypto trading clients hold just over $89 million there, so the test is whether faster settlement alone pulls their idle cash into the fund.
Reality
- Evidence55
- Adoption18
- Hype gap+35
- Incentives55
- Confidence55
BlackRock's fund is back at roughly $2.8bn, but the pool it leads has grown to $15bn to $16bn. A share that once ran 40% to 46% is now closer to 18%. The title has changed hands twice inside a year.
Reality
- Evidence55
- Adoption62
- Hype gap+20
- Incentives
- Insufficient
- Confidence55
Castle Labs says liquidity, collateral use and interoperability decide what comes next for tokenized real-world assets. The 77.6% wrapper share quoted alongside that argument counts instruments, and the dollars sit in Treasuries.
Reality
- Evidence45
- Adoption52
- Hype gap+30
- Incentives70
- Confidence50
RWA.xyz's count puts US T-bills at $15bn of a $46.2bn total and five assets at about 70% of it. Other trackers stop at $38bn, so the Treasury share of onchain finance moves seven points on the choice of tracker.
Reality
- Evidence30
- Adoption62
- Hype gap+22
- Incentives55
- Confidence32
The novel-ETF comment file closed Monday with a16z, Grayscale, Schwab, Chainalysis and Kalshi arguing past each other, and only Schwab attached a number to its ask: 75 days of public filing before effect.
Reality
- Evidence57
- Adoption24
- Hype gap+13
- Incentives84
- Confidence45
The Foundation bought out the locked allocations of seed investors who had shown they would sell, released everyone else's early, and proposes routing 95% of net revenue into buybacks. That trade rests on a revenue figure the Foundation has not published.
Reality
- Evidence30
- Adoption54
- Hype gap+40
- Incentives74
- Confidence34
A layer 1 blockchain now holds the licence that Computershare and EQ have held for decades. The interesting part is the obligation that comes attached, not the marketing.
Reality
- Evidence28
- Adoption12
- Hype gap+42
- Incentives68
- Confidence30
A June SFC proposal would widen retail access to a pool McKinsey sizes at about US$100 billion. The binding constraint is reporting, liquidity and the intermediaries who must explain both.
Reality
- Evidence34
- Adoption28
- Hype gap+27
- Incentives74
- Confidence41
DefiLlama puts actively deployed real-world assets at $3.98 billion, up sixfold in a year. Measured against $34.55 billion issued, that is 11.5% doing any work onchain.
Reality
- Evidence44
- Adoption58
- Hype gap+8
- Incentives42
- Confidence47