- Tokenized RWAs soar leb by U.S. Treasuries at $9.1B, a clear reflection of strong institutional demand for secure on-chain assets.
- Commodities, private credit, and alternative funds have also gained traction, unlocking liquidity and fractional access on blockchain.
- Regulatory clarity from the EU and U.S. boosted institutional adoption of tokenized real-world assets globally, which led to a high number.
Tokenized RWAs climbed to a fresh $21.35 billion in total value locked. Driven by institutional momentum in real-world asset tokenization.
U.S. Treasury debt leads with roughly $9.1 billion TVL. Commodities and private credit have shown fast on‑chain growth, reflecting broader financial market activity.
This surge aligns with recent market data that positions RWAs among DeFi’s fastest‑growing categories. This is as trading volumes and participation expand across major blockchains.
U.S. Treasuries Lead Tokenized RWA Market
Tokenized RWAs show a concentrated preference for U.S. Treasury debt, totaling $9.1 billion. This represents 42.4% of overall TVL. The dominance reflects conservative institutional capital entering on-chain markets while maintaining familiar risk profiles.
Commodities follow with $3.7 billion, capturing 17.6% of the RWA landscape. Physical assets such as gold and energy products are increasingly tokenized, offering global liquidity while retaining traditional settlement methods.
Private credit also demonstrates measurable on-chain growth at $2.5 billion, or 11.7% of total RWA TVL. Tokenization enables fractional access and faster settlement for institutional investors who previously relied on opaque markets.
Expanding Tokenized Asset Infrastructure
Tokenized Fixed Income Products are being used on a large scale by some of the largest asset managers globally. For instance, BlackRock has established the BUIDL fund, which currently holds over $2 billion worth of tokenized U.S. Treasury securities.
Other asset managers, such as Venture Capitalist firms VanEck and Apollo Global Management, have developed similar offerings in an effort to increase participation from institutions.
Major crypto exchanges such as Coinbase and Kraken have begun to expand their offerings of Tokenized Products. To provide access to both Institutional Investors and Retail Investors.
Various Infrastructure Providers, such as Ondo Finance and Centrifuge, also assist in the Issuing and Managing of these assets.
The Development of several different Protocols, including RaylsLabs, Canton Network, and Polymesh, has placed heavy emphasis on Compliance, Privacy, and Interoperability.
Chainlink is used to verify that the Transactions between different blockchain networks and for Collateral Workflows. So as to ensure that Tokenized Products meet Institutional Level Operating Standards.
Regulatory Guidance and Market Growth
Access to Tokenized Fixed Income Products has increased as a result of Regulatory Guidance on Tokenization. The MiCA initiative from the European Union and the SEC’s Project Crypto introduces guidance for Custody, Identity, and Settlement processes.
In turn, this has created clear Guidance for the industry. Examples of smaller segments are Corporate Bonds, currently valued at $1.2 Billion.
Public Equity valued at $867 Million, Non-U.S. Government Debt valued at $821 Million, and Private Equity at $425 Million. Each of these examples shows early stage Tokenization of Financial Products as Regulatory Guidance is being developed.
Overall, Long-Term Growth for Tokenized Financial Products will be significant. According to McKinsey, they expect a $2-4 trillion market size by 2030.
While, according to the Boston Consulting Group, they expect the market size to be $16 Trillion by that same time period. The current level of Adoption of Tokenization reflects early-stage signs of Institutional Partnerships, rather than Speculation.
As regulations governing the markets are taking place, market participants are braced for more adoption. This shows a high probability that the assets will continue soaring even higher.
When the CLARITY Act is passed by the U.S Senate in the near future, markets are expected to operate under clear rules. Traders will operate freely, and this is likely to cause a surge higher.