The tokenized real-world asset (RWA) market continues its strong momentum, edging close to the $35 billion milestone as institutional products, Treasuries, and gold-backed tokens drive on-chain adoption. Recent data from rwa.xyz shows the total RWA value reaching $34.14 billion, marking a 10.58% rise over the past 30 days and signaling growing investor confidence in blockchain-based real-world exposure.
RWA tokenization enables the representation and trading of off-chain financial instruments, including U.S. Treasuries, commodities, institutional funds, and private credit, on public blockchains. The appeal lies in 24/7 market access, faster settlement times, and composability with decentralized applications, enabling more efficient and global liquidity flows.
According to rwa.xyz, RWA participation continues to deepen as the number of asset holders climbed 6.71% over the past month to 489,037. At the same time, the total number of active issuers reached 225.
Among public blockchains, Ethereum remains the primary hub for tokenized assets, with a total value of $12.48 billion. This figure represents a 20.73% increase over the past month and a 58.24% market share.
Here’s how other chains performed:
The distribution underscores Ethereum’s continued dominance, even as emerging layer-1 and layer-2 platforms steadily gain traction.
Treasury-backed RWAs remain the largest segment of the market, driven by institutional demand for yield and stability.
Performance-wise, here’s how key products fared:
Commodity-backed RWAs, led by gold tokens , also saw strong monthly gains. Tether Gold (XAUT) surged 84.15% to $1.66 billion, while Paxos Gold (PAXG) rose 28.83% to $1.36 billion. These assets continue to attract investors seeking an inflation hedge and a blockchain-based store of value.
JSOY OIL remained relatively stable at $313.34 million, while government and sovereign-related products posted mixed results. China AMC USD (CUMIU) held at $503.10 million, and Spiko EU T-Bills (EUTBL) saw a slight decline to $324.58 million.
In the institutional category, Janus Henderson AAA (JAAA) rose 23.27% to $969.46 million, while Blockchain Capital (BCAP) increased 11.49% to $404.96 million. Superstate Crypto Cash (USCC) grew 10.81% to $253.64 million, with Legion Strategies (LS) holding steady at $217.93 million.
Equity and private-market tokens showed mixed performance. Exodus Movement EXODB fell 12.77% for the week but remained flat for the month at $480.97 million, while EXOD declined 14.80% to $223.37 million. Despite short-term volatility, these instruments illustrate the growing reach of tokenized private and equity assets.
The RWA market structure remains steady and transparent, with issuers packaging familiar, yield-bearing assets into blockchain-based tokens. Custodians manage the underlying off-chain collateral, while blockchain protocols facilitate both issuance and secondary-market trading—forming a robust foundation for institutional-scale adoption.