Real-world assets are turning @arbitrum from an L2 venue into a capital market. Three capital layers define DeFi’s evolution on Arbitrum: • Native tokens: ETH, USDC, USDT powered the first swaps and money markets • Yield assets: stETH, PT/YT stablecoins added yield without leaving chain • RWAs: tokenized Treasuries, credit, equities bring predictable cash flow and institutional scale 🔵 Numbers back the thesis: • RWA TVL on Arbitrum sits near $300M, up 30× YoY • Stablecoins in circulation exceed $4.7B, deep liquidity that can be rehypothecated into on-chain bonds, credit pools and structured notes • 120M $ARB is already earmarked for RWA growth via STEP 1.0 and 2.0 budgets, including 35M ARB targeted at tokenized US Treasuries 🔵 Core stack: 1. Tokenization layer – Spiko, FTI, BlackRock, OpenEden, Ondo, Dinari package Treasuries, sovereigns, real estate and equities into ERC-20 rails 2. DeFi unlock layer – Camelot pairs RWAs with native liquidity – Pendle splits future yield for sophisticated carry trades – OpenEden structures CDPs that accept tokenized bills as collateral – Ostium spins up synthetic markets referencing those assets 🔵 Current bottleneck: 91 % of RWA supply still sits idle in EOAs. Once those tokens migrate into lending, AMM and yield protocols the collateral base of Arbitrum will pivot from crypto native to macro driven. The traditional market for fixed income and credit tops $100T. Even a single digit percentage moving on-chain would dwarf today’s DeFi TVL. Arbitrum has the liquidity, the governance budget and the issuer roster to capture that flow. Builders are shipping, capital is arriving and the runway for RWA composability is wide open. Watch how @arbitrum plays a huge role on this! DYOR \ NFA