Tokenized real-world assets surpassed $12 billion by March 2026, more than doubling from $5 billion at the start of 2025. Tokenized U.S. Treasuries lead at $5.8 billion, while private credit tokenization grew 180% year-over-year. Ethereum hosts over 60% of all tokenized RWAs, with DeFi protocols like MakerDAO integrating billions in RWA collateral.
The tokenized real-world assets market reached $12 billion by March 2026, up 140% from $5 billion in early 2025, driven by institutional capital and operational advantages like 24/7 settlement and programmable compliance. Tokenized U.S. Treasuries account for $5.8 billion, led by BlackRock BUIDL ($1.9B), Ondo Finance ($1.4B), and Franklin Templeton ($680M). Private credit tokenization grew 180% year-over-year to $3.2 billion, with Centrifuge, Maple Finance, and Goldfinch originating major loan volumes. MakerDAO holds over $2 billion in RWA collateral backing DAI, with RWA revenue now accounting for 60% of the protocol's income. Ethereum dominates with 60% of tokenized RWA value, though Stellar, Polygon, and Avalanche capture meaningful share. Regulatory clarity in the EU, Singapore, and UAE is accelerating institutional adoption.
