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Tokenized Real-World Assets Reach $46.2 Billion Across 36 Blockchains
As of late September 2026, the market for tokenized real-world assets (RWAs) has reached approximately $46.2 billion, distributed across 36 different blockchains. This figure excludes stablecoins and focuses on more traditional assets such as bonds, funds, credit, and stocks. Ethereum remains the dominant blockchain in this space, holding around 48% of the market share, equivalent to roughly $22.2 billion, while BNB Chain follows with $5.5 billion, or about 12% of the total.
In terms of asset categories, U.S. Treasury bills lead with a valuation of approximately $13.9 billion, followed by active yield strategies at about $10.7 billion and credit funds at around $6.5 billion. Notably, tokenized stocks have shown the fastest growth over the past month, adding approximately $592 million to their market cap.
Different data providers report varying figures for the RWA market. For instance, as of October 1, 2026, rwa.xyz estimates the total value at $38.61 billion across 39 networks, indicating a discrepancy in methodologies used to assess the market. This divergence highlights the complexities involved in defining and counting tokenized assets, which can lead to significant differences in reported values.
The tokenization of assets represents a shift towards a more efficient system, allowing for faster transactions and settlements compared to traditional methods. However, only a small percentage of these tokenized assets are currently utilized within decentralized finance (DeFi), suggesting that much of the value remains untapped. As the regulatory landscape evolves and institutional adoption increases, the future growth of this market could be substantial, with projections estimating it could reach $2 trillion by 2030.
Source: KLEA News