DeFi· ★★· neutral·

Arrakis: Crypto Funds Dominate On-Chain USD-Yielding RWA Demand

  • —Crypto-native funds identified as the dominant buyer segment for on-chain USD-yielding RWAs
  • —Demand is concentrated in crypto funds, not retail or traditional institutions
  • —Arrakis did not disclose the dataset or methodology behind the claim
Why it matters: Fund-led demand signals an early-stage tokenized RWA market that remains exposed to crypto drawdowns and lacks a diversified buyer base for larger issuance.
Source: Coincu