The market for tokenized real-world assets (RWAs) on blockchains grew by 13.5% over the past month despite a broader downturn. Ethereum remains the dominant platform, holding nearly $179 billion in value, while networks like Solana and Arbitrum also posted significant gains, signaling a major shift toward yield-bearing, on-chain instruments.
The tokenized real-world assets sector expanded by 13.5% over 30 days, defying a general market decline. This growth represents a foundational transition toward blockchain-based, yield-bearing financial instruments.
Ethereum holds a commanding lead with approximately $178.9 billion in tokenized asset value. Other major networks include Solana at $17.3 billion, BNB Chain at $15 billion, and Arbitrum at $8.6 billion.
Ethereum added $1.7 billion in new RWA value during the period, nearly double Arbitrum’s $880 million increase. Solana, Liquid Network, BNB Chain, and the XRP Ledger also registered notable gains.
Investment analyst Nic Puckrin noted, “The steady growth that we’ve seen in tokenized real-world assets (RWAs)… is one of the clearest signs yet of the transition the digital asset sector and the wider economy is undergoing right now.” He suggested capital is rotating toward cash-flow-backed instruments.
Tokenized U.S. Treasuries and government debt form the largest category, exceeding $10 billion in outstanding value. These products continued to attract inflows, offering direct on-chain access to yields.
An increase in unique wallet addresses holding RWAs indicates broader investor participation. “The active on-chain market cap of tokenized RWAs is up some 36% this year, and at least half of this is sitting in tokenized T-bills, bonds, and MMFs,” Puckrin observed.
