RWA Investors in Profit as Crypto Crash, US Shutdown and Gold Rally Sparked $3.9B Deposits in 30 Days

Coinspeaker2025/10/17 16:00

By:By Ibrahim Ajibade Editor Kirsten Thijssen

Propelled by Gold’s historical rally, RWA investors defied record-breaking crypto liquidation events to add $3.9 billion in on-chain assets over the last 30 days.

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Key Notes

RWA sector valuation jumped 11.6% to $34.4 billion, adding $3.9 billion in new deposits over the past month.
Gold’s record-breaking rally to $4,200 and the US government shutdown spurred inflows into tokenized treasuries and commodities.
Tokenized RWA projects outperformed the wider crypto market, rising 8.3% intraday as Bitcoin sank below $104,000.

Real World Asset (RWA) sector valuation hit $34.4 billion on Saturday, October 18, marking an 11.6% increase and a $3.9 billion rise in total deposits over the last 30 days, according to RWA.xyz data.

RWA Investors in Profit as Crypto Crash, US Shutdown and Gold Rally Sparked $3.9B Deposits in 30 Days image 0

RWA Market Overview | Source: RWA.xyz, Oct 18, 2025

The ongoing U.S. government shutdown, combined with Gold’s record-setting rally above $4,200, has created a flight-to-safety narrative that boosted RWA inflows despite broader crypto weakness.

The crypto market suffered its worst month since May after President Donald Trump’s tariff call on China triggered a $19 billion liquidation event on October 10 . Another $1.2 billion wipeout followed on October 17, pushing Bitcoin below $104,000, its lowest level since July.

However, the Real-World Assets sector remained resilient. Tokenized debt, commodities, and private credit products continued attracting inflows as investors sought yield stability amid macro uncertainty.

U.S. Treasuries and Gold-Backed Assets Lead Inflows

Private credit remains the largest RWA category, representing 51.4% of the total market at $17.3 billion. Data from RWA.xyz shows U.S. public debt and commodities accounted for nearly half of the $3.9 billion in new deposits.

RWA Investors in Profit as Crypto Crash, US Shutdown and Gold Rally Sparked $3.9B Deposits in 30 Days image 1

Total RWA Value | Source: RWA.xyz October 18, 2025

Since the start of October, Tokenized U.S. debt instruments rose from $7.5 billion to $8.3 billion, reflecting accelerated tokenization of U.S. securities following the US government shutdown. Gold’s historic rally to $4,200 last week also impacted on-chain movements, with Commodities-backed RWAs rising from $2.1 billion to $3.2 billion.

Combined, U.S. Treasuries and Commodities saw $1.9 billion in inflows, accounting for 51% of all newly tokenized assets in the last 30 days.

RWA Investors in Profit as Crypto Crash, US Shutdown and Gold Rally Sparked $3.9B Deposits in 30 Days image 2

Tokenised Assets by Market Cap | Coingecko: Oct 18, 2025

Increased liquidity in the sector has generated significant gains for token holders, defying recent crypto market turbulence.

CoinGecko data shows the aggregate market cap of tokenized projects rose to $6.78 billion, gaining 8.3% intraday, compared to the broader crypto market’s 0.6% uptick.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38