Tokenized real-world assets on Stellar exceeded $3 billion in July, up from $785 million in January, according to a RedStone report cited by The Defiant. The figure far outpaces Stellar’s DeFi total value locked of $213 million, underscoring a widening gap between RWA issuance and on-chain utility. Growth was driven by four products: the Amundi and Spiko overnight swap fund at $713 million, the Spiko T-Bill fund at $536 million, Ondo USDY at more than $533 million, and VuMe Bond 2030 at $500 million. Lending protocol Blend holds $127 million, while pools accepting RWA as collateral total only slightly more than $2 million. RedStone said mismatched settlement cycles between RWAs and the 24/7 on-chain lending market, along with pricing mechanisms, remain key bottlenecks. The oracle provider currently supplies 55 SEP-40 price feeds on Stellar and said DTCC plans to bring its $114 trillion in custodied assets to Stellar by 2027.