Tokenized real-world assets rise 66% to $23.6B in 2026

Tokenized real-world assets on public blockchains climbed about 66% year to date in 2026, reaching roughly $23.6 billion as of March 11, according to DeFiLlama. Tokenized funds make up the largest share with about $10.5 billion, or 44.5% of the total, followed by tokenized gold and other commodities at around $6.5 billion and tokenized equities nearing $4 billion.

The market stood near $14.1 billion on Jan. 1 and gained steadily through early March, DeFiLlama data show. Tokenized funds include products backed by U.S. Treasury bills, bonds and money market funds.

On March 10, tokenized stocks surpassed $1 billion in total on-chain value, based on RWA.xyz data, with platforms such as Ondo and xStocks accounting for much of that activity.

The tokenized U.S. Treasury market topped $10 billion in February and reached about $11.11 billion in March.

Access and distribution were cited as key factors behind this year’s growth. “The real breakthrough here is that a handful of products have become significantly easier to access, distribute, and use,” an RWA.xyz spokesperson noted.

Some market participants point to constant trading hours and fewer intermediaries. “Investors are tired of financial markets that close at 4 pm and require layers of intermediaries just to move capital,” according to Ross Shemeliak, co-founder and chief operating officer at Stobox.

Trials by large financial firms with tokenization have expanded over the past year, including blockchain-based versions of U.S. Treasury instruments, investment funds and other assets. The real-world asset tokenization sector also boosted crypto venture funding, which doubled to $32.9 billion in 2025.

Tokenized real-world assets are digital versions of traditional instruments, such as government debt, commodities and equities, recorded and transferred on public blockchains. By operating on-chain, these assets can settle faster and be accessible across time zones without exchange hours.