The market capitalization of tokenized real-world assets (RWA) has surpassed $51 billion, rising 40% since the beginning of 2026. According to analysts, the sector continues to expand despite a roughly 20% decline in the broader cryptocurrency market, highlighting growing institutional interest.
According to The Block, citing a research note from Bernstein, private credit accounts for nearly half of the tokenized RWA market with a 47% share. Tokenized U.S. Treasuries rank second, representing about 30% of total market capitalization, while commodities form another 9%.
Most activity is concentrated on the Provenance and Ethereum networks, which together account for more than 70% of all tokenized assets. Meanwhile, the number of RWA holders has increased by approximately 60% since the start of the year, surpassing 917,000.
Competition intensifies in tokenized equities
Analysts identified tokenized equities as the fastest-growing segment of the market. Since the beginning of the year, its capitalization has more than doubled, increasing from $700 million to $1.6 billion.Bernstein outlined two primary models shaping the sector.
The first involves issuing tokens backed by real shares held by a third-party custodian. Under this approach, investors gain access to 24/7 trading but do not receive voting rights or formal shareholder status.
The second model uses blockchain as the core infrastructure for recording ownership and settling equity transactions. In that case, token holders receive the same rights as owners of traditional securities.
Regulation will shape the next phase of growth
According to Bernstein, the market's next stage of development will largely depend on decisions made by U.S. regulators.Earlier, the U.S. Securities and Exchange Commission (SEC) proposed eliminating two National Market System rules that, according to the agency, restrict the development of tokenized equity trading on decentralized platforms.
The market is also awaiting a potential Innovation Exemption framework, which could pave the way for fully regulated trading of tokenized shares issued by U.S. companies.
Earlier, Blockchain.com expanded its catalog of tokenized assets by adding 173 new products through its partnership with Ondo Finance.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
