The worth of tokenized real-world property (RWAs) on public blockchains has climbed about 66% in 2026, reaching roughly $23.6 billion as of Wednesday, in line with DeFiLlama knowledge.
The market stood at round $14.1 billion on Jan. 1 earlier than steadily rising by way of early March. Tokenized funds, together with merchandise backed by US Treasury payments, bonds and cash market funds, account for the biggest share of the sector.
DeFiLlama knowledge exhibits tokenized funds symbolize about 44.5% of the whole market with $10.5 billion in worth, adopted by tokenized gold and commodities at roughly $6.5 billion and tokenized equities at practically $4 billion. Different segments, together with non-public credit score and yield-generating merchandise, make up smaller parts of the onchain RWA ecosystem.
Trade individuals advised Cointelegraph that the following stage of progress is being pushed much less by tokenization as an idea and extra by distribution, market entry, and the attraction of property that may commerce and settle across the clock.
Demand for always-on markets drives tokenized asset curiosity
“The actual breakthrough right here is {that a} handful of merchandise have change into considerably simpler to entry, distribute, and use,” an RWA.xyz spokesperson advised Cointelegraph.
Associated: Tokenized US Treasurys rise by over $1B since begin of 2026
On Tuesday, tokenized shares surpassed $1 billion in on-chain whole worth, in line with knowledge from RWA.xyz. Platforms comparable to Ondo and xStocks account for a lot of that exercise.
The tokenized US Treasury market additionally surpassed $10 billion in market capitalization in February, earlier than leaping to $11.13 billion in March.
Traders are “drained” of markets that shut
Ross Shemeliak, co-founder and chief working officer at Stobox, stated many buyers are annoyed with legacy techniques that function on restricted buying and selling hours and depend on a number of intermediaries to maneuver capital.
“Traders are uninterested in monetary markets that shut at 4 pm and require layers of intermediaries simply to maneuver capital,” Shemeliak advised Cointelegraph.
He stated rising institutional experimentation with tokenization has additionally helped legitimize the mannequin. Over the previous 12 months, main monetary corporations have rolled out blockchain-based variations of US Treasury devices, funding funds and different real-world property.
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