RWA tokenization in 2026 covers everything from US Treasuries to real estate. Most of the $30 billion-plus in RWA TVL sits in Treasury-backed products from BlackRock, Ondo, and Franklin Templeton.
The smaller and structurally distinct slice tokenizes ongoing productive operations: businesses that generate cash flow from real economic activity.
This piece covers eight protocols actively tokenizing real-world operations in 2026, with the underlying activity each one converts to on-chain returns.
What Counts as a „Real-World Operation”
A real-world operation is an ongoing productive activity that generates cash flow. The category includes credit operations (lenders making loans, collecting interest), commodity production (mines, farms, energy plants), and service operations (reinsurance, asset management).
This excludes pure financial assets like Treasury bills (claims on government debt) or tokenized stocks (claims on equity). The distinction matters because operational ca
We współpracy z: https://cryptodaily.co.uk/2026/05/top-8-rwa-protocols-tokenizing-real-operations-not-just-treasuries
