Tokenized real-world assets crossed $43.1 billion in market value, climbing 36.9% over the past 180 days as banks, asset managers, and market infrastructure firms move issuance, custody, and settlement onto public blockchains, according to Token Terminal. The growth is driven by institutional adoption as traditional finance entities integrate blockchain infrastructure into core operations. The market now spans 4,364 distinct assets held by roughly 1.2 million holders across 34 chains and 174 issuers, marking a more than 6,000% expansion since Token Terminal began tracking the sector and representing a shift from crypto-native experimentation toward mainstream financial integration.
The market eased 0.9% over the past 30 days while posting a 7.2% gain across the past quarter.
Tokenized Funds Command 79.6% of $43.1 Billion Market
Tokenized funds anchor the market at $34.3 billion, commanding 79.6% of all tokenized value. Commodities hold the second-largest position at $7.2 billion, equal to 16.6% of the market, while tokenized stocks account for $1.6 billion at 3.8%, leaving every other category at a combined 0.1%.
Sky's sUSDS leads individual products at $5.9 billion, followed by USYC at $3.0 billion and the gold-backed XAUT at $2.7 billion. BlackRock's BUIDL holds $2.4 billion, with JMWH at $2.2 billion, USDY at $2.1 billion, and PAXG at $2.0 billion close behind, ahead of sUSDe, iBENJI, and syrupUSDC. The weighting toward yield-bearing dollar and Treasury products tracks tokenized U.S. Treasuries increasingly serving as programmable collateral inside decentralized finance rather than sitting as idle cash.
Sky and Ethereum Lead Issuer and Chain Rankings
Sky tops the issuer rankings with $6.1 billion in tokenized assets and a 14.1% share of the market. Securitize and Ondo Finance follow closely at $3.6 billion each, holding 8.5% and 8.4% respectively, ahead of Circle at $3.0 billion and Tether at $2.7 billion. Franklin Templeton, Tradable, Justoken, Paxos, and Ethena each carry between $1.7 billion and $2.5 billion, leaving the ten largest issuers in command of roughly 69% of the entire market. That concentration mirrors the entry of large asset managers and banks into the space, with firms such as Morgan Stanley building bank-grade custody for tokenized assets and crypto across their wealth divisions.
Ethereum hosts $24.9 billion in tokenized assets, or 57.8% of the market, retaining a commanding lead even as activity spreads elsewhere. BNB Chain ranks second at $3.7 billion (8.5%), followed by zkSync Era at $3.2 billion (7.5%), the XRP Ledger at $2.5 billion (5.8%), and Stellar at $2.3 billion (5.4%). Solana, Avalanche, and Injective each clear $1 billion, while Arbitrum One and Base trail at $787.3 million and $344.1 million.
DTCC Schedules July 2026 Production Launch for Tokenized Securities
The Depository Trust & Clearing Corporation (DTCC) has scheduled July 2026 for its first production trades of tokenized securities, working alongside more than 50 institutions including BlackRock, JPMorgan, and Goldman Sachs.
FAQ
What is the current market value of tokenized real-world assets?
Tokenized real-world assets crossed $43.1 billion in market value, climbing 36.9% over the past 180 days, according to Token Terminal. The market now spans 4,364 distinct assets held by roughly 1.2 million holders across 34 chains and 174 issuers.
Which blockchain hosts the most tokenized assets?
Ethereum hosts $24.9 billion in tokenized assets, representing 57.8% of the market. BNB Chain ranks second at $3.7 billion (8.5%), followed by zkSync Era at $3.2 billion (7.5%), the XRP Ledger at $2.5 billion (5.8%), and Stellar at $2.3 billion (5.4%).
Who are the largest issuers of tokenized assets?
Sky tops the issuer rankings with $6.1 billion in tokenized assets and a 14.1% market share. Securitize and Ondo Finance follow at $3.6 billion each, holding 8.5% and 8.4% respectively, ahead of Circle at $3.0 billion and Tether at $2.7 billion.
