Top RWA Tokens to Watch in November 2025 – Yields, Risks and Use Cases

Real World Assets (RWA) have become one of the strongest crypto narratives of 2025 as institutional adoption grows and tokenization expands into new financial categories. The sector now spans tokenized treasuries, private credit, real estate, commodities, and next-generation settlement networks. With clearer regulation and rising demand for yield-bearing products, RWA tokens continue to attract attention from long-term investors and active traders alike.

November 2025 brings a new wave of RWA momentum as onchain liquidity deepens and more traditional institutions experiment with tokenization. Several RWA tokens are showing strong use cases across lending, settlement, and asset-backed vaults. The list below analyzes the top RWA tokens to watch this month, based on current performance, real economic backing, and onchain traction.

Key Takeaways

• The RWA sector is expanding across treasuries, credit, commodities, and tokenized institutional funds.
   
• Yield-bearing RWAs remain attractive as interest rates stay elevated.
   
• Major financial institutions are pushing tokenization forward, increasing credibility for RWA projects.
   
• Several RWA tokens offer real revenue flows and transparent collateralization.
   
• Risks still exist, including custodial dependence, liquidity constraints, and regulatory changes.

Figure HELOC (FIGR_HELOC)

Figure’s HELOC token is one of the most notable institutional-grade RWA products in 2025. The token represents home equity lines of credit, packaged and issued through Provenance Blockchain. By tokenizing HELOC instruments, Figure brings traditionally illiquid consumer credit assets onto decentralized rails.

Figure HELOC stands out because:

• It represents real consumer lending exposure
   
• It enables faster settlement for loan originators
   
• It offers transparent yield tracking through blockchain infrastructure
   
• It is backed by a growing origination pipeline

As Figure continues to expand partnerships with credit institutions, HELOC-backed tokens may benefit from increased liquidity and more predictable yield streams. With a market cap above $14 billion, the project leads the sector in institutional footprint.

Read Also: Digital Real Estate vs RWA Crypto

Chainlink (LINK)

Chainlink is not a direct RWA asset, but its infrastructure plays a central role in enabling tokenization. Through CCIP, data oracles, proof-of-reserve systems, and partnerships with major financial institutions, Chainlink is essential for secure tokenized asset issuance and settlement.

Chainlink contributes to RWA growth by:

• Providing reliable price feeds for treasury-backed tokens
   
• Powering offchain data verification for credit markets
   
• Supporting interoperability between banks and blockchain networks
   
• Offering attestation services for regulated onchain products

As more institutions move real assets onchain, Chainlink benefits as a middleware provider. It remains one of the most important RWA infrastructure tokens.

Stellar (XLM)

Stellar (XLM) has spent years positioning itself as a global payments and settlement chain. In 2025, its focus expands further into tokenization and cross-border asset issuance. The network’s compatibility with stablecoins, CBDCs, and licensed asset issuers makes it well suited for RWA settlement layers.

Notable strengths include:

• A long history of compliant token issuance
   
• Partnerships with remittance providers
   
• Built-in features supporting asset-backed tokens
   
• Strong traction in emerging markets

XLM is benefiting from increased interest in blockchain-based settlement rails, especially as institutions look for stable, low-cost transaction layers.

BlackRock BUIDL

BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, has become a flagship example of tokenized institutional products. Each token represents a share in a fund that holds high-quality money market instruments such as U.S. Treasuries.

Key reasons BUIDL stands out:

• Backed by the world’s largest asset manager
   
• Fully transparent holdings
   
• Real yield distributed onchain
   
• Deep liquidity and rapidly growing adoption

BUIDL represents a turning point in the RWA narrative because it brings traditional financial credibility directly into decentralized ecosystems. With large custodians and market participants involved, it is one of the most stable RWA products available.

Tether Gold (XAUT)

Tether Gold (XAUT) represents physical gold stored in secure vaults, with each token corresponding to a full ounce of gold. As risk-off sentiment emerges in global markets, tokenized gold has seen increased demand.

Benefits of XAUT include:

• Exposure to a historically stable commodity
   
• Instant onchain settlement
   
• Lower entry barriers compared to physical ownership
   
• High transparency via attestation reports

Tokenized gold remains a niche segment of the RWA space, but its utility for diversification and inflation hedging makes it an essential asset for broader tokenization narratives.

Ondo (ONDO)

Ondo Finance continues to lead in tokenized treasury products, with OUSG, OMMF, and its broader RWA suite gaining significant adoption. The ONDO token reflects the governance and economic layer of Ondo’s expanding platform.

Ondo’s strengths include:

• Deep liquidity in tokenized treasury markets
   
• Partnerships with exchanges and custodians
   
• A growing ecosystem of institutions using its products
   
• Clear revenue flows tied to asset management activity

As institutions adopt stable, regulated RWA products, Ondo remains one of the strongest pure-play RWA protocols.

Provenance Blockchain (HASH)

Provenance Blockchain is the backbone for Figure’s tokenized credit marketplace. Its native token, HASH, represents the network’s staking and governance layer. Provenance specializes in regulated financial products, making it a core pillar for tokenized loans, HELOCs, and credit instruments.

Provenance stands out due to:

• Direct integrations with banks
   
• High volumes of tokenized credit instruments
   
• A regulatory-first architecture
   
• Real usage in mortgage and lending markets

HASH benefits from the network’s rising institutional traction and diversified tokenized credit products.

Algorand (ALGO)

Algorand continues to push for real enterprise adoption, especially in payments, CBDCs, and tokenized institutional instruments. Its scalable architecture and low transaction costs support RWA issuers seeking predictable and compliant chains.

Algorand’s notable advantages include:

• Government partnerships for digital asset pilots
   
• Strong developer ecosystem
   
• Growth in enterprise-level tokenization
   
• Robust infrastructure for regulated asset issuance

As institutions experiment with permissioned and hybrid chains, Algorand’s positioning keeps ALGO relevant within the RWA conversation.

Final Thoughts

The RWA sector is entering a new growth phase in November 2025 as institutions accelerate their move onto blockchain infrastructure. Tokens backed by real yield, high-quality collateral, and regulated issuers are gaining market attention. From tokenized treasuries to consumer credit, settlement networks, and commodity-backed assets, the RWA landscape offers diverse exposure with clearer economic fundamentals than many speculative narratives.

As always, investors should consider liquidity, custodial risks, regulatory developments, and real-world backing when evaluating RWA tokens. The projects highlighted above represent some of the most impactful contributors to the tokenization movement and are worth monitoring closely as the market evolves.

Read Also: Real-World Assets (RWA) Tokenization Investment Guide

FAQs

What makes an RWA token valuable?

RWA tokens derive value from the real assets that back them, which may include treasuries, credit portfolios, or commodities. They offer transparency, yield, and stable collateralization.

Are RWA tokens safer than other cryptocurrencies?

They can be less volatile because they are tied to real economic value, but they still carry risks such as custodial failures, liquidity shortages, and regulatory shifts.

Which RWA category is growing fastest in 2025?

Tokenized treasuries continue to dominate due to strong institutional demand and the need for transparent, yield-bearing instruments.

Do RWA tokens pay yield?

Many do, especially ones tied to treasuries or credit markets. Yield distribution depends on the issuer’s structure.

Are RWA tokens suitable for long-term holding?

They can be, particularly for investors seeking exposure to stable assets. However, each token’s structure and risks must be evaluated individually.