Tokenized RWA usage should be judged asset by asset, says Falcon exec
Falcon Finances chief RWA officer has questioned whether low onchain activity signals weak demand across a tokenized asset market valued at $38.86 billion in a September snapshot, arguing that funds bought for income should be assessed differently from products built for lending. SummaryRWA.xyz recorded $38.86 billion in distributed tokenized assets on Sep. 15, with about 4.24 million holders.Tolkachev said Treasury funds can serve holders without moving into lending or trading markets.Castle Labs called for deeper liquidity, collateral access and movement between venues.CoinShares and Token Terminal measured RWA deposits rising from $2.3 billion to $7.4 billion. Artem Tolkachev, chief RWA officer at Falcon Finance, told crypto.news that the amount issued onchain measures a different part of the market from whether holders can use their assets in financial applications. Responding to Castle Labs‘ research on tokenized real-world assets, the executive said an asset’s intended purpose should determine how its usage is judged. For products bought to earn income, he said, holding the token can be the expected outcome. “A Treasury fund that pays its yield and redeems on time is doing its job while sitting in a wallet.” In Tolkachevs assessment, low activity becomes a concern when an issuer has built and priced a product for borrowing,









