The RWA track is poised for takeoff, and Aptos is rising unexpectedly.

The tokenization of real assets ( RWA ) is a highly anticipated field that has yet to fully demonstrate its potential to connect traditional market trillion-dollar assets. Data shows that the total market value of RWA assets in the crypto industry is only $24 billion, which, even after a significant 56% increase in the first half of this year, has only reached this level. This indicates that the development story of RWA has not truly begun and is still in its infancy. As more types of assets become tokenized in the future, RWA is expected to enter a new stage of development.

During this critical period, Aptos has shown strong momentum. In the past 30 days, the total locked value of RWA on the Aptos chain has increased by 56.4%, reaching $538 million, ranking third among public chains. With more investment opportunities emerging, Aptos may hold a favorable position in the next phase of competition for RWA.

Private credit remains a dominant force

Private credit accounts for 58% of RWA assets, making it the most关注的 asset class, followed by U.S. Treasury bonds. Private credit assets primarily exist in on-chain form, with most lacking trading liquidity; meanwhile, U.S. Treasury bonds face competitive pressure from interest-bearing stablecoins, which are collateralized by Treasury bonds and offer similar yield characteristics.

Private credit refers to loans provided by non-bank institutions or investors to businesses or individuals in the private market. In the traditional finance sector, private credit attracts a large number of institutional investors due to its flexibility and high returns. However, it also faces challenges such as high costs, low efficiency, and entry barriers. For example, the audit process for traditional private credit is cumbersome, transaction costs are high, and small to medium-sized enterprises often struggle to obtain financing due to a lack of credit records.

The encryption protocol issues and manages assets on-chain as its core business model, reduces costs by minimizing intermediaries, and increases transparency by providing real-time performance of loan pools and underlying assets.

Private Credit Asset Tokenization Process

( 1. Off-chain credit asset generation

The asset issuer is responsible for generating off-chain credit assets. Private credit institutions, small and medium-sized enterprise financing platforms, or regional credit market operators establish loan agreements, set collateral assets, develop repayment plans and default terms, and review the borrower's financial status. For example, a loan of $1 million is issued to a logistics company, with a term of 12 months and an annual interest rate of 12%, secured by $1.1 million in accounts receivable. This step ensures that the assets meet traditional financial standards, laying the foundation for subsequent tokenization.

) 2. Build the on-chain token structure

Through the RWA protocol, single or multiple loans are mapped as on-chain tokens. The forms of tokens include NFTs, SFTs, or ERC-20 types. The token metadata covers borrower anonymous identification, principal amount, interest rate, repayment frequency, maturity date, details of collateral assets, and default handling mechanisms. Smart contracts support repayment status management, automatic profit distribution, and early redemption or peer-to-peer transfer.

3. Compliance Packaging

The tokenization process must comply with regulatory requirements. Special purpose entities or virtual asset service providers should be established in specific regions as legal custodians, corresponding to on-chain tokens one-to-one. All investors must complete KYC/KYB and AML checks, and non-qualified investors are restricted in their access and transfer rights according to relevant regulations. Off-chain disclosure documents clearly state that tokens are debt assets, without voting rights or equity attributes.

4. Token Issuance and Financing

Display tokens through the user interface or protocol platform and accept on-chain investments. Investors must complete KYC verification, use designated cryptocurrencies for investment, receive RWA tokens as proof, and collect principal and interest repayments on schedule.

5. Profit Distribution and Asset Settlement

Borrowers repay according to the plan, and the funds are collected by the issuer and transferred to a special purpose entity. They are then mapped to the blockchain via oracles or smart contracts and distributed to token holders. The smart contract automatically splits the interest based on the holding ratio and returns the principal or arranges asset continuation after the loan matures. If the token structure allows, they can be traded on decentralized exchanges or RWA-specific markets, but usually have a lock-up period and only support peer-to-peer transfers.

Aptos's Competitive Advantages in the RWA Field

Technical Advantages: Financial Application Potential of High-Performance Blockchain

Aptos, as a new generation Layer 1 blockchain, has its technical architecture as a unique advantage in the RWA track, especially in the scenario of private credit tokenization.

High throughput and low latency

Aptos uses the Block-STM parallel execution engine to achieve efficient transaction processing through optimistic concurrency control. Official test data shows that Aptos's theoretical throughput can reach 150,000 transactions per second, while in actual production environments it stabilizes at 4,000-5,000 TPS. In private credit scenarios, high throughput supports large-scale loan issuance, real-time repayment distribution, and on-chain auditing, ensuring transaction efficiency.

In addition, the final confirmation time for transactions on Aptos is only 650 milliseconds. This sub-second confirmation speed is crucial for RWA assets that require instant settlement. For example, a certain protocol implements T+0 settlement on Aptos, significantly reducing capital occupation costs compared to the traditional finance T+2 or T+3.

Low trading costs

The average transaction fee for Aptos is less than $0.01. The low-cost feature is particularly critical for RWA scenarios, as tokenized assets involve frequent on-chain operations. For example, a certain protocol requires real-time updates on repayment status for on-chain loan management, and low fees ensure controllable operational costs.

Modular Architecture and Scalability

Aptos's modular design separates the consensus, execution, and storage layers, allowing each layer to be independently optimized. This is crucial for RWA asset management, as private credit involves complex metadata.

Ecological Layout: Institutional Endorsement and Regulatory Friendly

Aptos's ecological layout in the RWA sector has significantly enhanced its competitiveness through partnerships with traditional financial giants and the expansion of the DeFi ecosystem.

Institutional Cooperation and Endorsement

By June 2025, the total locked value of RWA on Aptos reached $540 million, ranking third among public chains. This achievement is attributed to the participation of several traditional financial institutions. Last year, Aptos introduced multiple financial products and integrated with major DeFi applications. In addition, Aptos has also partnered with several institutions to promote the tokenization of securities.

These collaborations not only brought funding and technical support to Aptos, but also enhanced its credibility in the field of compliance.

Regulatory Friendliness

Private credit tokenization involves complex compliance requirements. Aptos has integrated on-chain identity verification and asset tracking features by collaborating with compliance platforms. For example, a certain protocol stores personal identity information through off-chain encryption and combines it with on-chain hash verification to meet relevant legal requirements, ensuring the legal validity of loan tokens.

In 2025, the global regulatory environment is gradually becoming clearer. The low fees and fast confirmation features of Aptos make it an ideal choice for a regulatory-friendly public blockchain. For example, Aptos has been selected by a certain state as the candidate chain with the highest technical score for a stablecoin project, and plans to use Aptos to issue compliant stablecoins and loan tokens, with an expected coverage of 100 million USD in assets by 2026.

Emerging Market Positioning

Aptos's RWA strategy focuses on emerging markets, particularly in areas with insufficient financial inclusion. A certain asset issuer acts as the primary protocol for asset issuance on the Aptos chain, providing diversified financing solutions for emerging markets and specific regions through tokenized private credit products, significantly promoting the development of Aptos's RWA ecosystem.

Its products cover short-term, small consumer loans for individual consumers and micro-entrepreneurs in emerging markets, as well as corporate financing needs for specific countries and regions. These products achieve efficient issuance and transparent management through on-chain infrastructure, contributing to a significant portion of Aptos RWA TVL.

Summary

Aptos's rapid rise in the RWA sector is attributed to its technological advantages and ecological layout. By June 2025, its RWA TVL reached $538 million, ranking third among public chains, mainly driven by private credit. Private credit serves as the growth engine for RWA, enabling on-chain composability through tokenization, allowing credit tokens to participate in circular lending, leverage strategies, and liquidity pools of DeFi protocols, generating considerable annual returns.

Compared to government bonds, private credit is more favored in the market due to its high yields and clear cash flow. Aptos's low transaction fees and fast confirmation times support real-time lending and settlement, and future integration with more DeFi protocols may further activate its potential.

Currently, the tightening of interest rate spreads in traditional financial markets is prompting institutions to turn to on-chain solutions. Aptos has filled the financing gap for small and medium-sized enterprises by serving emerging markets. In the future, with the optimization of the regulatory environment and the expansion of the DeFi ecosystem, Aptos is expected to add $500 million in RWA TVL by 2026. Through the synergy of technology and ecology, Aptos is demonstrating sustained growth potential in the private credit sector.