‹ BackNewsReal-World Assets

Real-World Assets

Bixin Ventures to host AI & Emerging Onchain Assets event in Singapore during TOKEN2049
Colb Finance brings tokenized stocks and pre-IPO products to BNB Chain via chat interface
AI & Emerging Onchain Assets event set for Singapore during TOKEN2049
WisdomTree confirms native deployment of tokenized RWA fund on Arbitrum
Dune says most tokenized cash barely trades as equities drive spot volume
Binance Research says tokenized stocks made up 11% of DEX volume in September, versus 17% for meme coins
Tokenized RWA value reaches $38.45 billion, with Ethereum leading the market
Pendle
2026-09-29 03:35:30

How Pendle Is Trying to Turn Yield Trading Into a Durable Business

Pendle’s business has evolved with each new wave of on-chain yield. It started with lending receipts such as Aave’s aUSDC and Compound’s cDAI, expanded into ETH staking and restaking, then moved into stablecoin yield products and, more recently, tokenized real-world assets. In Foresight News’ latest analysis, the central question is not whether Pendle can launch a market for a new asset, but whether it can keep attracting buyers and capital after older markets mature and positions are redeemed. The report argues that demand for trading future income has remained intact because different users want different things from the same asset. Some want to lock in a fixed return over a set period. Others are willing to pay upfront for floating yield, points, rewards, or funding-rate exposure. Pendle’s PT and YT structure serves the first two groups, while Boros extends the model to perpetual futures funding rates. The article tracks that progression through several cycles: restaking in 2024, stablecoins in 2025, and USDG, tokenized securities, funds, and cross-exchange funding-rate products in 2026. It cites figures including more than 87% of Pendle TVL being in stablecoin-denominated assets in 2025, roughly $7.8 billion in maturing positions in the first half of that year, and more than $11.5 billion in cumulative notional volume on Boros about seven months after launch. The broader point is that Pendle’s long-term business depends on repeated repricing, fresh counterparties, and enough market depth to keep each new asset class tradeable.

430
How Pendle Is Trying to Turn Yield Trading Into a Durable Business