According to @onchainpanini, approximately $25B worth of tokenized real‑world assets are live as institutions shift from blockchain pilots to production-grade rails, highlighting accelerating institutional adoption of on‑chain finance for trading and collateral operations. Source: @onchainpanini on X, Aug 18, 2025. According to @onchainpanini, Goldman Sachs has started using tokenized U.S. Treasuries as derivatives collateral, directly pointing to tokenized Treasuries becoming acceptable collateral within traditional derivatives workflows and expanding the addressable liquidity pool for RWA markets. Source: @onchainpanini on X, Aug 18, 2025.