1、Figure 1-Skynet Top 10 RWA projectsRWA Leaderboard#NameBlackRock BUIDLN/A$2.36BN/A$692.27$3.42B$1.37BFinancial AssetFinancial AssetUS Treasury,Real EstateFinancial AssetUS TreasuryGovernment Money Market FundFixed income,US TreasurePhysical Gold,CommoditiesPhysical Gold,CommoditiesFinancial AssetTan

2、gible AssetTangible AssetFinancial AssetUS TreasuryFinancial AssetTreasury BillFinancial AssetLoansFinancial AssetTreasury BillN/AN/A$96.24M$313.11M$954.75M$954.23M$1.47B$1.47B$1.67B$6.74B$829.96M$1.27B$190.52M$998.55MFranklin TempletonOndo FinancePAX GoldRWUSDUSDtbCentrifugeTether GoldUsual LabsSky

3、(formerly MakerDAO)12345678910Skynet ScoreMarket CapRWA TypeAsset TypeTVL93.8093.6293.5893.2592.3690.0689.6589.3689.2591.85AAAAAAAAAAAAAAAAAAAAAAAAExecutive SummaryThe tokenization of Real World Assets(RWAs)represents a significant evolution in financial markets,offering the potential to unlock valu

4、e by bringing traditional assets on-chain.This convergence of traditional finance(TradFi)and decentralized finance(DeFi)presents opportunities for improved efficiency,transparency,and accessibility.This integration also introduces a complex security paradigm that extends beyond familiar smart contra

5、ct vulnerabilities.CertiKs Skynet RWA Framework offers structured criteria to perform due diligence and review the risks associated with RWA protocols highlighted in this report.To illustrate these hybrid threats,this report introduces a five-layer security stack,providing a model for understanding

6、risks from the underlying physical asset to the on-chain smart contract.RWA Security Report01The 2025 Skynet RWA Security Report highlights that top-performing platforms have partnered with CertiK for rigorous security audits and reviews.Among these leaders are Ondo Finance,Paxos,and Tether,all of w