Tokenization solved RWAs' supply. Enso solves distribution.
Real-world assets are no longer a tokenization experiment. RWAs are becoming a trillion-dollar category.
According to DeFiLlama, the RWA active market cap has grown from roughly $4-5B in early 2025 to around $30B by June 2026, after briefly approaching $30B. Bonds now account for the largest share, with precious metals, private credit, and public equities also becoming meaningful onchain categories.
McKinsey estimates that tokenized assets could reach nearly $2T by 2030 in its base case, while BCG has projected a long-term opportunity of up to $16T by 2030.
The direction is clear: supply is arriving, institutions are entering, and tokenized financial products are moving from pilots into production.
Supply is here. Distribution is not.
Issuers like Ondo, xStocks, BlackRock, Centrifuge, Securitize, and others are already bringing tokenized treasuries, equities, funds, and yield products onchain.
Custody has caught up, too. Anchorage Digital is expanding institutional access to DeFi and tokenized capital markets through Porto and its acquisition of Securitize.
But using RWAs onchain is still too hard.
Most users will not manage wallets, bridges, issuer onboarding, liquidity venues, and compliance flows themselves. They will access RWAs through the apps they already trust.
That is the distribution problem Enso is solving.
Enso is the execution layer for RWA distribution
Today, we are formalizing what we have been building with our partners for months: Enso as the execution and orchestration layer for onchain RWA distribution.
With Enso, wallets, fintechs, neobanks, and custodial platforms can offer real-world assets via a single integration.
Enso connects partners to supported assets, chains, venues, and issuers, with institutional-grade controls built into every flow: whitelisting, asset caps, withdrawal delays, transaction simulation, and unified reporting.
The goal is simple: make tokenized assets accessible inside the products users already use, without forcing each platform to rebuild the same infrastructure from scratch.
Launch partners
Today we're formalizing what we've been building with our partners for months: Enso as the execution and orchestration layer for onchain RWA distribution.
Three partners are anchoring the launch:
Ondo: brings the most mature tokenized assets inventory in the market. USDY and OUSG, as well as all their Ondo Stocks, accessed through Enso, become available to any partner that integrates the rail, without the partner having to pick a chain or build five different KYC paths.
xStocks: brings the catalog of tokenized public equities and ETFs that has just crossed $25B in cumulative volume. With Enso, any wallet or app can offer that catalog to its users with a single integration.
Porto by Anchorage Digital: is an institutional self-custody crypto wallet that lets firms securely access DeFi using Anchorage’s security architecture. By integrating Enso, our platform enables users to access tokenized equities, funds, commodities, and curated stablecoin yields on a single execution surface.
What comes next
The next phase of RWA growth will be won by the rail that lets trusted apps offer credible assets with less friction and stronger controls.
Over the coming weeks, we will publish deeper dives with Ondo, xStocks, and Porto by Anchorage Digital.
If you are building a wallet, neobank, fintech, or custodial platform and want your users to buy and exit real-world assets without leaving your product, we should talk.