According to data from @RWA_xyz, Ondo Finance allocated roughly 77% of total value locked (TVL) to the Ethereum blockchain for on-chain real-world assets (RWA). That share accounts for about 11.6% of Ethereum’s total on-chain RWA TVL, underscoring Ethereum’s role as the settlement layer for on-chain RWAs. Ondo Finance is known to issue on-chain RWAs such as stocks, ETFs, and government bonds.

The concentration of RWA TVL on Ethereum highlights Ethereum’s critical role in the on-chain asset ecosystem. It could influence institutional access to on-chain RWAs.

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