R25, a new real-world asset (RWA) and stablecoin platform, has launched its on-chain protocol with Polygon as its first blockchain partner. The debut introduces rcUSD+, a yield-bearing stablecoin designed to maintain a one-to-one dollar peg while paying returns sourced from a portfolio of money market funds, structured notes, and short-duration traditional financial instruments.
Institutional-grade assets need institutional-grade rails.
R25 Protocol has officially launched on Polygon as its first and preferred EVM chain, introducing its rcUSD+ yield-bearing token, backed by a professionally managed portfolio of RWAs.
TradFi yield, now flowing into… pic.twitter.com/9eeg1f5sb4
— Polygon (@0xPolygon) November 14, 2025
The launch positions R25 within the rapidly expanding market for asset-backed digital dollars, offering users a stablecoin backed by regulated yield sources rather than crypto-native mechanisms. Polygon co-founder Sandeep Nailwal said the collaboration aims to bring “institutional-quality real-world assets onchain,” noting that R25’s risk-managed structure “will provide immense value to both users and protocols building here.”
R25 said rcUSD+ is supported by multiple layers of credit enhancements, including over-collateralization and diversified short-term treasuries intended to strengthen its creditworthiness. The token is expected to be fully composable across Polygon’s DeFi ecosystem, enabling use as lending collateral, liquidity pool backing, and treasury management infrastructure for decentralized applications.
RWAs Move Into the Institutional Phase
The debut of rcUSD+ comes amid a surge of institutional interest in tokenized real-world assets. According to market research, the global RWA market—currently estimated around $35 billion – could expand to as much as $2 trillion by 2028. Much of this growth is expected to land on Ethereum and its scaling networks, with Layer 2s like Polygon competing aggressively to capture issuance and liquidity.
Analysts say yield-bearing stablecoins are narrowing the gap between traditional finance and crypto by offering institutional-grade income products to on-chain users. While only a small fraction of crypto assets currently produce yield, between 8% and 11%, traditional finance sees yield rates across 55% to 65% of assets. The rise of tokenized U.S. Treasuries, cash-equivalent portfolios, and structured credit is now accelerating the maturation of DeFi’s capital markets.
Part of a Larger Institutional On-Chain Shift
Polygon has become a leading network for tokenized treasury products, enterprise settlement rails, and real-world asset issuance. Integrations such as Calastone’s on-chain fund distribution and the adoption of institutional stablecoins have strengthened the network’s positioning in the RWA category. The launch of R25’s rcUSD+ adds another institutional-facing product to Polygon’s growing list of asset-backed initiatives.
For R25, the next phase will focus on expanding rcUSD+ integrations across DeFi, onboarding institutional liquidity providers, and exploring additional yield-bearing instruments. The protocol aims to bridge traditional fixed-income markets with programmable, on-chain finance – bringing institutional credit structures directly into decentralized applications.
With investors increasingly seeking stable, yield-generating digital assets and global capital beginning to flow into tokenized markets, R25’s arrival underscores a broader shift: the convergence of regulated traditional finance and permissionless DeFi infrastructure is no longer theoretical – it is rapidly becoming the new standard.