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Tokenized real world assets market hits nearly $34B, led by Ethereum and tokenized U.S. Treasuries.

Protocol Fundamentals
25 May 2026
Crypto news
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Bullish
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The on-chain market for tokenized real world assets (RWAs) has surged to nearly $34 billion by mid-2026, more than tripling from about $5.4 billion at the start of 2025. Ethereum dominates this space, hosting roughly 60% of the total value, with tokenized U.S. Treasuries alone accounting for around $15 billion. This growth is driven by strong demand from stablecoin issuers, DeFi protocols, and institutional investors, with BlackRock’s BUIDL fund being a major player. Other fast-growing segments include commodities, private credit, and tokenized stocks. The market's rapid expansion signals increasing institutional adoption and could scale into the tens of trillions by 2030 if current trends continue.

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