We've Been Trading RWAs The Whole Time | Part 2 - Treasuries, Gold, and Beyond
Someone bought $50,000 of gold on Oku last month. Physical gold - held in Swiss vaults - tokenized and traded onchain. No commodities broker. No market hours.Another trader swapped $899,000 into tokenized US treasuries in a single transaction. Nearly a million dollars of treasury exposure, acquired in seconds.A third bought $40,000 of tokenized uranium on Etherlink. Uranium. Onchain. Stored in a facility in Canada.All real assets. All on Oku. All without a brokerage account. In Part 1 we covered the macro picture - $17 billion in RWAs on Ethereum, $50 billion across chains, and why stablecoins are the foundation of the tokenized economy.Now let's look at what's building on top of that foundation. Because what's actually trading might surprise you.
Tokenized treasuries - the fastest-growing category
This is where things have accelerated the most.
Tokenized US Treasuries surged from $775 million to $3.97 billion in 2024, then roughly doubled again in 2025 (Coinbase Research). These instruments let investors hold US treasury yield in digital form - 24/7, globally accessible, instantly composable with DeFi.
The players involved tell you everything about where this is heading.
BlackRock's BUIDL
These aren't experimental side projects. They're real fund products, with real AUM, on public blockchains. And they're being integrated into DeFi - as collateral, in lending protocols, and on institutional platforms - enabling 24/7 atomic settlement.
What this looks like on Oku
A single trader recently swapped $899,000 into CUSDO - Ondo's tokenized treasury product - on Oku. Nearly a million dollars of US treasury exposure, acquired onchain, in one transaction.
Same underlying asset class as BlackRock's multi-billion-dollar BUIDL fund. Just accessible to anyone with a wallet.
Another trader sold $36,000 of $YNRWAX - Yieldnest's RWA index token - on Oku. Diversified exposure to a basket of tokenized real-world assets, in a single token. This is real capital, moving into real treasury products, onchain.
Tokenized commodities - beyond theory
Here's where people tend to do a double-take.
Tokenized gold saw $5.72 billion in trading volume during 2025, with Q4 volume running at roughly 8x Q1's (BTCC data). Tokenized silver spiked alongside a 140% silver price increase. Coinbase Research notes that "tokenized commodities tripled in total asset value in 2025," led by gold.
The range of what's available is expanding fast:
- Tether
- Paxos Gold
- Uranium.io launched $xU3O8 - tokenized physical uranium - on Etherlink in 2025. It won a fintech award and the tokens can now be used as collateral in DeFi
Late 2025, BTCC recorded $301 million in daily precious-metals trading volume during the silver surge. These aren't synthetic derivatives. They're tokenized exposure to real physical commodities, trading 24/7.
What this looks like on Oku
$50,000 in $XAUT - Tether Gold - purchased on Oku in a single swap. Backed 1:1 by physical gold held in Swiss vaults. Fifty thousand dollars of gold, traded onchain, no commodities broker needed. This sits within the $5.72 billion in tokenized gold volume that occurred across 2025. $40,000 in $xU3O8 - @uranium_io 's fintech-award-winning token representing physical U₃O₈ - traded on Etherlink via Oku. Stored in a facility in Canada. Uranium. Onchain. Usable as DeFi collateral. That's how far tokenization has come.
Tokenized equities - small but accelerating
This category is still early - total tokenized equity value is under $1 billion vs. ~$28 billion for treasuries and private credit combined (Coinbase). But the momentum is unmistakable.
Backed Finance (Switzerland) has issued EU-regulated ERC-20 stock tokens - $bMSFT, $bTSLA, $bGOOGL - allowing non-US investors to trade US equities onchain.
Robinhood
Kraken and Bybit
Coinbase
Nasdaq and DTCC
The infrastructure is being built. The products are shipping. The regulatory path - potentially through SEC guidance under the current administration - could accelerate this dramatically.
How to access these assets on Oku
Here's the practical part.
Zero fees on most RWAs.
Smart routing matters more here.
On-ramp straight to RWAs. Go from fiat to a tokenized asset in one session via Oku's on-ramp (powered by Bridge.xyz). Card to tokenized treasury in minutes. Card to gold in minutes. Card to uranium in minutes.
Full composability.
Here's how to get started going from Fiat to Stables on Oku.
What's next
Stablecoins, treasuries, gold, uranium, RWA index tokens - all in one interface, all trading today. The range of what's been tokenized is expanding faster than most people realize.
But where does all of this go from here? The forecasts, the regulatory tailwinds, and what's coming next for tokenized assets onchain.
That's Part 3: Where the Tokenized Economy Goes Next.
--
Trade tokenized assets with zero fees on Oku.
Sources: The Block, RWA.xyz, Coinbase Research, Arbitrum Blog, and more.
