TLDR
- The total value of tokenized real-world assets increased by 13.5% over the past 30 days.
- Ethereum led the growth in tokenized assets, with a $1.7 billion rise in value.
- Tokenized US Treasuries and government debt remain the largest category in the market.
- Institutional participation is growing, with major players like BlackRock and JPMorgan entering the space.
- Tokenized money market funds are evolving, now serving as collateral in trading and lending markets.
Tokenized real-world assets (RWAs) have seen consistent growth, with the total value of onchain RWAs rising 13.5% over the past month. Despite the broader cryptocurrency market shedding $1 trillion in value, the tokenized asset sector continues to show resilience. The demand for tokenized RWAs, especially among institutional investors, reflects a growing interest in utilizing blockchain for traditional financial products.
Ethereum Leads Growth in Tokenized Assets
Ethereum recorded the highest growth in tokenized asset value, with an increase of $1.7 billion. Other blockchain networks, such as Arbitrum and Solana, followed closely, showing $880 million and $530 million in growth, respectively. The surge in value across these networks reflects the broader adoption of blockchain-based tokenized products.
The rise in Ethereum’s dominance highlights the growing role of the blockchain in asset tokenization. As the blockchain’s infrastructure strengthens, more institutions are entering the space, increasing demand for tokenized products. The growth in tokenized asset issuance has also contributed to the overall market rise.
Tokenized US Treasuries and government debt continue to dominate the tokenized asset space, accounting for over $10 billion in onchain products. These assets have seen continuous inflows, which further support their dominant position. As demand grows, more tokenized government securities are being issued on public blockchains.
The expansion of tokenized government debt demonstrates the increasing appeal of blockchain for settling traditional financial assets. Large institutions such as BlackRock, JPMorgan, and Goldman Sachs have shown active participation in this growing market. Their involvement indicates that tokenized government products are becoming a key focus of institutional investment.
Institutional Participation Drives Tokenized Asset Growth
The demand for tokenized assets points to deeper institutional participation in the space. Asset managers are increasingly issuing and settling tokenized versions of traditional financial products. Tokenized money market funds, which were once seen as yield vehicles, are now serving as collateral in trading and lending markets.
BlackRock’s move into decentralized finance with the launch of its tokenized US Treasury fund is one of the latest examples of institutional involvement. This shows a shift in how traditional financial institutions are engaging with blockchain technology.



