DeFi infrastructure meets tokenized asset ecosystems

A collaboration between 1inch, Ondo and Ledger shows: the next phase of DeFi is being built through joint effort across the ecosystem.

Ledger has introduced an RWA swap capability, enabling Ondo’s tokenization infrastructure powered by the 1inch Swap API. This is a clear example of how wallets, liquidity layers and asset platforms work together to expand what’s possible on-chain.

This kind of multi-party integration is how DeFi moves forward: not through isolated products, but through interoperable infrastructure connecting users, liquidity and new asset classes.

Meanwhile, institutional adoption of real world assets (RWAs) is accelerating. Currently, global RWA value across all chains stands at just under $400 bln. Across the industry, more capital and more platforms are turning to blockchain infrastructure to access traditional financial instruments.

RWAs in Ledger: speed and security

Thanks to the introduction of Ledger swap capability, users can access global markets 24/7. No gas fees. No bridges. Just best-execution swaps secured by the clear signing in a Ledger signer.

Usually, trading real-world assets (RWAs) means choosing between the speed of a hot wallet or the clunky UX of a bridge. Now, users get the best of both worlds: 1inch guarantees gasless and efficient swaps, while users’ private keys remain offline, protected by the Ledger signer.

1inch provides infrastructure for RWA swaps

As the RWA segment expands, the importance of liquidity aggregation becomes increasingly clear.

Fragmented markets need routing, pricing and execution infrastructure that allows users and partners to access liquidity efficiently across multiple venues. That’s where 1inch’s aggregation layer plays a central role.

By connecting decentralized liquidity sources and optimizing execution routes, 1inch enables seamless access to tokenized asset markets within the broader DeFi ecosystem.

Since announcing the Ondo integration in September 2025, trading of Ondo tokenized assets via the 1inch aggregation infrastructure has surpassed $5.4 bln, according to the 1inch analytics dashboard. This milestone highlights both strong user demand and the importance of efficient liquidity routing when new asset categories enter DeFi.

Meanwhile, in May, the most popular Ondo RWAs on 1inch by volume were:

• Micron Technology (MUon) - $145.2 mln
• Circle Internet Group (CRCLon) - $107 mln
• Marvell Technology (MRVLon) - $50 mln
• NVIDIA (NVDAon) - $49.5 mln
• Intel (INTCon) - $45.6 mln

Integration as a path to scalable DeFi

The collaboration between Ledger, Ondo and 1inch shows how ecosystem partnerships unlock new capabilities without requiring each participant to rebuild the entire stack from scratch.

Wallets provide distribution.

Asset platforms expand the product universe.

Liquidity aggregation ensures efficient execution.

Together, these layers form the foundation of scalable DeFi infrastructure - and point to where the industry is heading.

The rise of tokenized assets reflects a broader shift: traditional finance and decentralized finance are no longer separate systems, but increasingly converge through shared infrastructure. Blockchain provides a programmable, globally accessible layer for liquidity and settlement. Integrations between wallets, protocols and asset platforms expand what users can do on-chain.

This is how DeFi evolves - through connected infrastructure. And when more builders integrate, the entire ecosystem moves forward.

Disclaimer 1:

This content is for general information purposes only and does not constitute financial, investment, tax, or legal advice and is not a recommendation to buy or sell any particular digital asset or to employ any specific investment strategy.

Disclaimer 2:

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