The market for tokenized real world assets (RWAs) on public blockchains has surged 66% in 2026, reaching an estimated $23.6 billion. This growth comes as investors increasingly favor assets that can be traded and settled continuously, without the constraints of traditional market hours.
Tokenized Funds Lead Market Growth
Tokenized investment products, including those backed by US Treasury bills, bonds, and money market funds, represent the largest share of the on-chain RWA market. Valued at $10.5 billion, tokenized funds account for approximately 44.5% of total market capitalization. Tokenized gold and other commodities follow with $6.5 billion, while tokenized equities make up nearly $4 billion. Smaller segments, such as private credit and yield-generating products, contribute the remaining market value.
Demand for Always-On Trading Drives Adoption
Industry insiders highlight that the recent surge is less about the concept of tokenization and more about accessibility and distribution. Platforms facilitating tokenized stocks and US Treasury instruments have made these products easier to access and trade around the clock. Tokenized stocks recently surpassed $1 billion in on-chain value, while the tokenized US Treasury market exceeded $11 billion in March.
Investors are increasingly frustrated with legacy systems that operate on limited hours and involve multiple intermediaries. The availability of blockchain-based assets that can trade 24/7 is fueling adoption, with institutional experimentation further validating tokenization as a viable market solution.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.