In this episode of RWA Insights, Jake and @tn_pendle speak with Chetan Karkhanis, Senior VP at @FranklnTempletn's FIRST group for Asia Pacific, on how Benji started, what it will take to scale tokenized funds, and where Asia is heading in RWAs. Full video and written summary 👇

Over $450m in PTs now used as DeFi lending collateral @Morpho has taken the lead with ~68% of total supply Most popular PT collateral include: 📌 PT-reUSD → $163m 📌 PT-AUSD → $51m 📌 PT-USDat → $47m 📌 PT-USDG → $43m 📌 PT-USD3 → $33m Lendle (Pendle Lending haHA)

J.P. Morgan puts tokenised RWAs at $13T by 2030, which is under four years away and roughly 40x where the onchain market sits today. Over 100 of the markets we’ve launched this year are RWA, and they now make up ~85% of TVL. Pendle was built for crypto yield and tokenized assets coming onchain can all tap into our infrastructure. Catch @tn_pendle with Vincent Ng, Managing Director and Head of Asia at @partnersgroup, and Bridget Li, Co-Founder and CEO of @AssetoFinance, as they chat about bringing a $2.4B infrastructure strategy onchain as NGI+ and what a tokenized asset needs to be useful once it gets there.

67% of Pendle’s TVL is now RWA 52 live markets, 24 issuers, $832M all across Pendle What’s the RWA yields? T-bills and money market funds, private credit, STRC and DAT dividend streams, tokenized compute, tokenized equities, physical gold, and a Partners Group infrastructure fund Seven yield sources that have NOTHING to do with each other and nothing to do with the brypto cycle Ze yield stays as yield no matter what market stage we are at And it keeps growing too...this month alone SuperNVDA and SuperTSLA from Base are supported, Nvidia and Tesla exposure with a fixed rate to April 2027, currently pricing around 11% and 17%. PAXGy from Paxos, which grows in gold terms and sits on PAXG. And sUSDfr, the yield vault on Forest Road’s USDfr stablecoin. Stocks, gold and a new dollar in the same three weeks. Pendle keeps launching new and new RWA pools Over 140 RWA markets listed all-time, 120+ of them this year. $210M of RWA-backed PTs already sit as collateral on Morpho, so the yield isn’t just fixed (and it’s loopable) Twelve months ago this was a handful of treasury products but today RWAs are the majority of @pendle_fi 's TVL and continues to dominate the scene dc: linn is a tier 1 kol supreme for pendle (family friend and award winning)