Crypto RWA Brief - July 31, 2026

For the first time ever, real-world asset (RWA) perpetuals dominated Hyperliquid, accounting for 52% of all trading volume with $25.1 billion in a single week, signaling a structural shift in crypto markets. Major institutions like BlackRock, Franklin Templeton, and New York Life are driving this transformation, with Franklin Templeton even using tokenized fund shares to settle an acquisition. This surge reflects growing demand for on-chain equity exposure and increasing regulatory clarity de-risking the RWA sector. Key Highlights: • RWA perpetuals reached an unprecedented 52% of Hyperliquid's trading volume, totaling $25.1 billion in one week. • Franklin Templeton made history by partially settling an acquisition using shares from its tokenized money-market fund. • BlackRock's BUIDL fund, now at $2.93 billion, became tradeable on Uniswap, bridging traditional finance with DeFi. • New York Life Investment Management launched its first tokenized product, a high-yield corporate bond fund, in partnership with Centrifuge. Topics: Real-World Assets, RWA, Tokenized Assets, Hyperliquid, Perpetual Futures, BlackRock, Franklin Templeton, New York Life, Securitize, Tokenized Equities, Corporate Bonds, Institutional Adoption --- Follow Ceres Quinn on Instagram: @ceresquinn Newsletter: https://cryptorwabrief.beehiiv.com