Which Crypto Tokens Benefit Most From the RWA Supercycle?

Analyst Tim Warren, in his latest video, says while retail investors are losing interest, major institutions like BlackRock, JPMorgan, DTCC, and Goldman Sachs are positioning for a huge move into real-world assets (RWAs). The focus is on tokenizing traditional assets like U.S. treasuries, real estate, bonds, and loans, bringing them onto blockchain rails.

If regulations like the Clarity Act come into place, trillions of dollars could start flowing into this space, making RWAs one of the biggest narratives of the next cycle.

Chainlink: The Backbone of the RWA Ecosystem

Chainlink sits at the center of this shift, acting as the infrastructure layer that connects real-world data to blockchain. It provides key services like secure price feeds, proof-of-reserves verification, and NAV calculations, tools institutions need before moving capital on-chain.

It’s already integrated with major players like SWIFT, Aave, and Ondo Finance. Its cross-chain system (CCIP) allows tokenized assets to move seamlessly across different blockchains with institutional-grade security.

Warren said LINK is trading around $9.15, with a possible short-term dip to $7.5–$6.5. Long-term projections vary widely, with conservative targets near $50 and aggressive estimates reaching $100–$200.

Ondo Finance: Bringing Treasuries On-Chain

Next up is Ondo Finance, which focuses on bringing U.S. treasuries on-chain. Products like USDY and OUSG are already gaining traction, with over $3 billion locked in.

Backed by major firms like BlackRock and Fidelity, Ondo is positioned as a direct link between traditional finance and crypto. It’s trading near $0.25 right now, with a possible drop to $0.20 or even $0.14. But if RWAs take off, projections go as high as $5–$10.

Hedera: Enterprise-Grade Infrastructure

Hedera is another pick, designed specifically for enterprise use. It offers fast speeds, low fees, and compliance-ready systems, things institutions care about.

It’s already being used in real-world cases like tokenized real estate, with backing from companies like Google and IBM. HBAR is around $0.086, with downside risk toward $0.072–$0.055. In a strong cycle, targets range from $0.60 to above $1.

Ethereum: The Core Settlement Layer

Warren also points to Ethereum as the main base for tokenized assets. Most RWAs are already being built or traded on Ethereum because of its deep liquidity and strong ecosystem.

Institutions like BlackRock and JPMorgan are already using it for tokenized products. ETH is around $2,300, with possible dips to $1,600 or $1,200. Long-term projections stretch from $8,000 to as high as $25,000.

Canton Network: Built for Institutional Privacy

Finally, Canton Network is being positioned as a privacy-focused system for institutions. It’s designed for regulated finance, handling assets like treasuries, loans, and money markets.

With firms like DTCC and Goldman Sachs already involved, and plans for live treasury settlements in 2026, it’s gaining traction. It’s trading near $0.15, with projections between $0.50 and $1.60, though Warren says it may not follow typical crypto cycles.