The tokenization market for Real World Assets (RWA) is establishing itself as a genuinely utilized asset within the on-chain financial market, according to CoinShares. According to Cointelegraph, CoinShares stated in a report, "In the second quarter of this year, RWA deposits on DeFi platforms increased by more than three times year-over-year, reaching $7.4 billion. In contrast, total DeFi deposits decreased by approximately 15%. This means that actual use cases, rather than the overall market sentiment, are driving RWA demand. If a specific asset class grows even when the entire ecosystem is experiencing a downturn, that demand originates from financial utility, not market cycles. The RWA market is entering a new phase, and investors are utilizing them as collateral assets, means of generating income, and on-chain trading products," it analyzed.