Real-world asset (RWA) tokenization has become a key focus for venture capital as investors are zero at the intersection of two powerful trends.
In 2025, tokenization emerged as one of the biggest growth areas of blockchain, with the total on-chain assets increasing from $15 billion a year to $28 billion. As ventures grow selectively through capital allocation, tokenized assets stand out as a clear area of opportunity.
So far, much of its activity has been concentrated on private credit and US Treasury bonds, but the scope has steadily expanded to include stocks and even energy assets.
The RWA sector has grown rapidly over the past two years. sauce: rwa.xyz
To reflect this momentum, several major blockchain players such as Plume, Galaxy Ventures, Morpho, OKX Ventures, Anchorage Digital, and Centrifuge have launched a nine-week accelerator program called Ascend to support developers building tokenized infrastructure and applications.
This month’s VC Roundup highlights several companies operating in the space, including the plural form of tokenization platforms, data chain IRYS, programmable credit protocol credit coop, Web3 infrastructure provider yellow network, and stubcoin infrastructure developer UTILA.
Related: VC Roundup: Bitcoin obstacles skyrocket, but tokenization and stablecoins get steam
Tokenization Platform plural closes $7 million seed round
The Plural, a tokenization platform that allows for high-yield investments in energy assets such as solar, storage and data centers, raised $7.13 million in a paradigm-led seed round, and joined by Maven 11, Volt Capital, the neoclassical capital.
The company brings energy assets on-chain. This is a movement that sees artificial intelligence as just as important as reshaping global energy demand. According to the International Energy Agency, electricity consumption from AI-powered data centers is projected to more than four times by 2030, making energy infrastructure an increasingly important investment category.
Multiple approaches are consistent with the broader trends in asset tokenization in the blockchain industry. There, more realistic assets will become on-chain and open new yields for investors.
IRYS raises $10 million to build a programmable data blockchain
Layer-1 blockchain designed for iris, title = “””>
sauce: coinfund
Programmable Credit Protocol secures a $4.5 million seed round
Credit Coop, a blockchain-based credit protocol, has raised $4.5 million from venture companies such as Maven 11, Lightspeed Faction and Coinbase Ventures. This funding will help the company expand its operations.
The platform links facility lenders with yield opportunities backed by the borrower’s verifiable cash flow. For businesses, traditional assets and expected cash flows can be used as credit collateral.
To date, Credit Coop has processed more than $150 million in total, with $8.5 million in active loans being issued.
Related: VC Roundup: Bitcoin obstacles skyrocket, but tokenization and stablecoins get steam
Ripple co-founder-backed Yellow raises $1 million in token sale
Web3 Infrastructure Company Yellow Network has raised more than $1 million from certified US investors through token sales in the Republic. The Yellow Token Leg D compliant offering was oversubscribed, the company said.
Supported by Ripple co-founder Chris Larsen, the Yellow Network builds the infrastructure for digital asset trading and provides back-end systems that enable secure cross-chain trading for brokers, exchanges and institutions.
The company said the pay raises indicate that crypto funding can be implemented within a regulated framework. “The US market is ready for a regulated digital infrastructure that allows institutions and creators to engage with confidence,” says Alexis Silkia of Yellow Networks.
Stablecoin Infrastructure Provider Utila raises $22 million
Utila, a blockchain infrastructure company specializing in Stablecoin Operations, raised $22 million in the Series A expansion round led by Red Dot Capital Partners, along with participation from NYCA partners, Wing VC and others. The company offers custody, wallet management and compliance solutions to help businesses integrate Stablecoin’s operations.
The fund comes amid an increase in Stablecoins adoption, approaching its $300 billion market capitalization total. Utila reports it has processed more than $60 billion in transactions as demand for a Stablecoin-focused operating system is growing.
Stablecoin’s market capitalization is over $285 billion. sauce: defill
Related: PayPal Ventures supports KiteAI for $18 million to power AI agents
