I’ve been looking closely at #RWAs across chains, and @Aptos is one of the few ecosystems where both projects and institutions are already active at scale. As of mid-December 2025, Aptos is firmly in the top 3-4 chains for onchain RWAs, with around $441M+ TVL. What matters more to me is where that TVL comes from. On the RWA project side. Aptos is heavily skewed toward private credit and yield-bearing assets, which is where real money actually sits. – The clearest example is @pactfinance. $PACT is originating private credit natively onchain, rebuilding parts of the credit stack itself. After fully migrating to Aptos in December, they’ve already processed $1.9B+ in loans, with $300M+ tokenized, and they’re now the #1 RWA issuer on Aptos and top 5 globally. Beyond PACT, you also have: – @OndoFinance with USDY, bringing regulated yield-bearing dollars into DeFi. – Emerging platforms touching real estate, carbon credits, and structured products. This mix tells me Aptos #RWAs are income-producing by design. On the institutional side, the signals are even harder to ignore. Aptos is one of the few non-EVM chains that major TradFi players are comfortable deploying on: – BlackRock expanded BUIDL to Aptos as its first non-EVM chain, now sitting at roughly $500M AUM on Aptos alone. – Franklin Templeton runs its BENJI / FOBXX on-chain U.S. Government Money Fund here....