Tokenized asset market tops $43B as institutions accelerate blockchain adoption
The marketplace for tokenized real-world belongings (RWAs) continues to increase regardless of broader weak point in crypto markets, with the worth of onchain monetary belongings climbing sharply over the previous six months as conventional monetary merchandise migrate onto blockchain rails.
In line with Token Terminal, tokenized belongings now exceed $43 billion in market worth, up roughly 37% over the previous 180 days.
The figures exceed these reported by different trade trackers, most notably RWA.xyz, which values the mixed RWA market at lower than $33 billion. The discrepancy doubtless displays methodological variations, with Token Terminal together with a broader vary of tokenized monetary belongings.
Tokenized funds dominate the sector, accounting for practically 80% of whole market capitalization. Commodities rank a distant second at 16.6%, adopted by tokenized shares at 3.8%.
Supply: Token Terminal
Ethereum stays the main blockchain for tokenized belongings, internet hosting 57.8% of whole worth. BNB Chain accounts for 8.5%, adopted by zkSync Period (7.5%), XRP Ledger (5.8%) and Stellar (5.4%), reflecting the sector’s gradual enlargement past Ethereum.
Sky is the most important issuer with $6.1 billion in tokenized belongings, adopted by Securitize and Ondo Finance at $3.6 billion every, based on Token Terminal.
Tokenization strikes past Treasurys
Tokenization has gained mainstream consideration as main monetary establishments embrace blockchain-based infrastructure. Earlier this week, Commonplace Chartered initiated protection of Uniswap, arguing that the decentralized trade’s UNI token might recognize 40-fold by 2030 as tokenized belongings more and more migrate onchain.
The financial institution initiatives the decentralized finance sector will develop to $2.7 trillion over the identical interval, pushed largely by the enlargement of tokenized monetary merchandise.
Supply: Frank Chaparro
Citigroup has additionally turned bullish on tokenization, projecting that the market will attain $5.5 trillion by 2030 in its base case and as much as $8.2 trillion in a bull state of affairs.
The financial institution argues the trade is transferring past the pilot stage as regulatory readability improves. Citi recognized the Depository Belief & Clearing Company, the New York Inventory Trade and Nasdaq integrating tokenization into core issuance processes as key catalysts for progress.
Stablecoins, which are sometimes excluded from tokenization metrics, are anticipated to be a significant driver of sector progress. Supply: Citi
Whereas tokenized funds and personal credit score proceed to dominate the market, tokenized equities are gaining traction by means of platforms resembling Ondo Markets and xStocks. The pattern displays a broader shift inside the trade, with Binance Analysis just lately concluding that RWA progress is turning into extra diversified.
“2026 marks RWA tokenization’s maturation from a Treasury-dominated narrative right into a diversified yield ecosystem,” Binance Analysis stated in a report earlier this month.
Associated: JPMorgan, Citi-backed Clearing Home plans tokenized deposit community in 2027: WSJ
