Tokenized assets climb to $23.6B as investors seek always-on markets

Tokenized real-world assets have surged 66% in 2026, with funds, gold and equities driving growth across public blockchains.

The value of tokenized real-world assets (RWAs) on public blockchains has climbed about 66% in 2026, reaching roughly $23.6 billion as of Wednesday, according to DeFiLlama data.

The market stood at around $14.1 billion on Jan. 1 before steadily rising through early March. Tokenized funds, including products backed by US Treasury bills, bonds and money market funds, account for the largest share of the sector.

DeFiLlama data shows tokenized funds represent about 44.5% of the total market with $10.5 billion in value, followed by tokenized gold and commodities at roughly $6.5 billion and tokenized equities at nearly $4 billion. Other segments, including private credit and yield-generating products, make up smaller portions of the onchain RWA ecosystem.

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