RedStone's latest report puts Stellar's tokenized real-world assets above $3 billion in July, a level that dwarfs the network's $213 million in DeFi total value locked. The mismatch is central to the report's warning: RWA issuance has moved faster than the lending markets and collateral pools needed to put those assets to work. Growth traces to four products, including Amundi and Spiko's overnight funds, Spiko's treasury fund, Ondo's USDY and VuMe Bond 2030. DefiLlama data shows Stellar's overall TVL at $232.72 million, with lending protocol Blend holding $150.03 million. The RWA-backed collateral pool is only about $2 million. RedStone points to settlement times as the core friction. Traditional Treasury, credit fund and money market fund rails were not built for instant liquidation, so a 24/7 price oracle becomes essential for making RWA usable as collateral. Stellar has integrated 55 SEP-40 price feeds covering Treasuries, corporate credit, tokenized gold and money market funds. The report also notes DTCC's plan to move custody assets onto Stellar by 2027; DTCC holds $114 trillion in custody assets.
Stellar's tokenized real-world asset (RWA) supply crossed $3 billion in July, while the network's total DeFi value locked stands at just $213 million, according to a report from oracle provider RedStone.
The gap between the two figures is wide. RedStone says RWA issuance is running far ahead of lending markets and collateral pools, and that imbalance is now the main bottleneck limiting how these on-chain assets can be used.
Four products behind the jump
RedStone attributes most of the growth to four offerings: the Amundi and Spiko overnight funds ($713 million), Spiko's treasury fund ($536 million), Ondo's USDY (more than $533 million), and VuMe Bond 2030 ($500 million).
The lending side lags
DefiLlama data puts Stellar's total TVL at $232.72 million. The lending protocol Blend accounts for $150.03 million of that. Yet the pool that accepts RWA as collateral holds only about $2 million.
The report argues that settlement times built for traditional Treasuries, credit funds and money market funds do not line up with the instant liquidation requirements of on-chain lending. A round-the-clock price oracle is what would allow RWA to serve as usable collateral.
Price feeds and a DTCC plan
Stellar now runs 55 SEP-40 price feeds from RedStone, covering Treasuries, corporate credit, tokenized gold and money market funds. The report also cites the Depository Trust & Clearing Corporation's plan to bring custody assets to Stellar in 2027. DTCC's custody assets total $114 trillion.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
