Retail traders are losing interest, but the big players are doubling down. In his latest analysis, Tim Warren points out that BlackRock, JPMorgan, DTCC, and Goldman Sachs are gearing up for a major push into Real-World Assets (RWAs) — tokenizing U.S. Treasuries, real estate, bonds, and loans on blockchain rails.
If regulations like the Clarity Act come into effect, Warren believes trillions of dollars could flow into this space, making RWAs one of the most significant narratives of the next cycle.
Chainlink: The Infrastructure Backbone
Chainlink sits at the center of the RWA shift, providing critical oracles for price feeds, proof-of-reserves, and NAV calculations. It already integrates with SWIFT, Aave, and Ondo Finance. Its CCIP enables cross-chain movement of tokenized assets with institutional-grade security. LINK trades near $9.15, with a potential dip to $7.5–$6.5; long-term targets range from $50 (conservative) to $100–$200 (aggressive).
Ondo Finance: Treasuries On-Chain
Ondo Finance focuses on tokenizing U.S. Treasuries via products like USDY and OUSG, which have already locked over $3 billion. Backed by BlackRock and Fidelity, it acts as a direct bridge between TradFi and crypto. Priced around $0.25, it could drop to $0.20–$0.14 before soaring to $5–$10 in a strong RWA cycle.
Hedera: Built for Enterprise
Hedera is designed for enterprise use with fast speeds, low fees, and compliance-ready systems. It powers real-world use cases like tokenized real estate and counts Google and IBM as backers. HBAR trades at $0.086, with downside to $0.072–$0.055. In a strong cycle, targets range from $0.60 to above $1.
Ethereum: The Core Settlement Layer
Warren notes Ethereum remains the primary blockchain for tokenized assets due to its liquidity and ecosystem. BlackRock and JPMorgan already use it for tokenized products. ETH is around $2,300, with possible dips to $1,600–$1,200; long-term projections go from $8,000 to $25,000.
Canton Network: Privacy for Institutions
Canton Network is a privacy-focused blockchain for regulated finance, handling treasuries, loans, and money markets. With DTCC and Goldman Sachs on board, it plans live treasury settlements by 2026. The token trades near $0.15, with projections of $0.50–$1.60, though Warren cautions it may not follow typical crypto cycles.