Missed $ONDO?
Don’t worry, the next big RWA narrative is brewing in the Middle East, and it’s flying under CT’s radar
$TRWA by @TharwaUAE might just become the ultimate play on multi-asset RWAs + stablecoins
Here’s why it could leave the others in the dust 🧵👇
First mover on a $90T market
Tharwa isn’t just tokenizing treasuries or single assets
It’s the first protocol designed to tokenize multi-asset blended funds
The largest off-chain segment (~$90 trillion)
A massive market most protocols can’t even approach yet
The next-gen stablecoin
Most “RWA-backed” stablecoins are just US debt wrappers
Tharwa’s thUSD is different: it’s collateralized by diversified, tokenized funds
This means more stable, real yield
And less dependence on US treasuries
Real institutional traction
Already announced: Global Frontier Capital raising $200M, portions of which are being tokenized on Tharwa
That’s not hype it’s live capital flow
And more big institutional funds and real estate ventures are in the pipeline
Founder credibility
Led by Saeed Al-Fahim, part of the UAE’s Al Fahim family, one of the most influential business dynasties in the region
Strong local ties mean serious institutional access and trust, not just another anon team
Unlocking Middle Eastern capital
Tharwa is fully Sharia-compliant from day one
This unlocks trillions in Islamic finance that most protocols simply can’t touch.
A capital source that’s both massive and largely untapped in DeFi
Why this might outgrow $ONDO
$ONDO focused on narrower asset categories and already hit >$1B FDV
Tharwa is going after a much larger addressable market with a novel stablecoin design baked in
The asymmetry here is obvious if you look closely
AI-powered edge
Tharwa’s AI-driven auto-rebalancing means higher, more reliable yields than manual or static strategies.
Not just tokenizing actively optimizing.
The macro view
RWAs are gaining momentum globally
Stablecoin innovation is overdue
Middle Eastern capital is searching for compliant, high-yield on-chain solutions
$TRWA sits perfectly at this intersection and it’s still early
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