According to a recent report, the Total Value Locked (TVL) in decentralized finance (DeFi) vaults has seen a significant increase of 28 times in the past year, going from below $150 million in June 2024 to over $4.4 billion presently. This surge in TVL surpasses the growth seen in the broader crypto market during this time. Nearly 20% of these vaults focus on tokenized real-world assets (RWAs), like treasuries and private credit funds, indicating a shift towards more traditional assets within the DeFi space. The report, from Kiln staking platform, notes the rise in popularity of single-asset vaults, with some USDC supply vaults holding hundreds of millions of dollars, comparable to mid-sized money market funds. Traditional Finance (TradFi) is also getting involved, as evidenced by Apollo Global Management launching their Apollo Diversified Credit Securitize Fund (ACRED), a tokenized version of their off-chain Diversified Credit Fund on Solana. This tokenization allows investors to own tokens representing shares in the fund, providing advantages like quicker redemptions and reduced paperwork. This innovation in digital asset investment is enabling more efficient participation in traditional funds via DeFi platforms.