The market capitalization of tokenized real-world assets (RWAs) has surged to a record $44.3 billion, marking a 120% year-on-year increase, according to data from Token Terminal. Ethereum remains the dominant chain for these assets, but significant activity is also taking place on BNB Chain and Stellar. The growth is driven primarily by tokenized funds, with issuers like SkyMoney contributing to Ethereum’s volume.
The milestone underscores accelerating institutional interest in blockchain-based tokenization, which promises greater liquidity and broader accessibility for traditional financial instruments such as U.S. Treasuries and real estate. As more institutions explore tokenization strategies, the trend could reshape asset allocation and influence crypto market dynamics. While broader market sentiment is mixed, the RWA sector’s rapid expansion may attract fresh capital, potentially affecting Bitcoin dominance and the performance of layer-1 networks leading the tokenization narrative.
