Spield Spield

Real-World Asset (RWA)

A real-world asset (RWA) in crypto is a traditional off-chain asset — such as a Treasury bill, bond, real estate, or invoice — represented as a blockchain token backed by the underlying asset held in custody. RWAs bring off-chain yield and value on-chain, letting the token be traded, used as collateral, or composed into DeFi.

A real-world asset (RWA) bridges traditional finance and crypto: the asset lives off-chain with a custodian, and a token on-chain represents a legal claim on it. Tokenized treasuries, private credit, and tokenized funds are all RWAs.