Expanding Trend Advances RWA Foundation

In the dynamic world of cryptocurrency, a new player has emerged as a dominant force in the realm of real-world assets (RWA). Base, a rollup on Coinbase's OP-Stack, has surpassed Ethereum to become the largest RWA playground in crypto.

Base's unique edge lies in its brand and compliance stack, which sets it apart from other regulated-asset issuers. This advantage has enabled Base to secure over $14 billion and host more native assets than rival L2s, with projects launching directly on the platform.

One such project is Tangible, which has ported its real estate marketplace from Polygon to Base to slash settlement costs and tap into native liquidity. Tangible currently controls about $43 million of tokenized property, wine, and gold, with plans to migrate to a Base vault later this year. The dual-fee model of Tangible funnels 66.7% of marketplace fees to USDC dividends while burning the balance, an incentive that has helped TNGBL outperform broader RWA indices during flat markets.

Another project that has found success on Base is Keeta. Keeta's token, KTA, has seen a 6x price run-up in the past month, climbing from $0.22 to $1.18 (+435%) and briefly crossing $600 million in circulating market cap after debuting on Base in early May. Keeta's token was among Moralis's top-five "trending assets" by 24-hour address count earlier this week, according to on-chain dashboards. The project's marketing appeal lies in its promise of 10 million transactions per second (TPS), sub-second finality, and an advisory team that includes ex-Google CEO Eric Schmidt.

The tokenized-asset sector has exploded 260% to $23 billion in 2025, driven by U.S. Treasury yields hovering near 4%. This on-chain demand for dollar-denominated carry has led to the growth of stablecoins like USDO, which is a part of OpenEden's strategy on Base. Morpho-hosted strategy on Base shifts idle USDC to USDO, auto-capturing the risk-free rate. OpenEden's tokenized U.S. Treasury suite now spans three chains, with its flagship USDO and TBILL vaults pushing a combined $450 million of Treasuries on-chain.

The growth of Base has not gone unnoticed. News coverage, such as a deep dive by 99Bitcoins and a mention in Coindesk's March Daybook, has amplified Keeta's move. Untangled Finance has signaled plans to deploy invoice-backed credit pools on Base after piloting the model on Celo. Realio Network is exploring an Optimism-stack bridge to expand its digital-equity platform on Base.

As Base continues to grow, it's clear that it's becoming a hub for real-world asset projects. With its unique edge, robust infrastructure, and growing ecosystem, Base is poised to continue its dominance in the RWA space.