RWA Tokenization Hits Record High with 11% Weekly Surge

Cryptocurrencies supporting the real-world asset (RWA) tokenization space surged 11% this week, as the total market cap of tokenized RWAs climbed to a new all-time high. According to CoinMarketCap, the market value jumped from around $67 billion last week to just below $76 billion on Friday. 

The category includes projects focused on tokenization infrastructure, such as Chainlink, Avalanche, and Ondo Finance—the latter rising 9% in a single day.

This growth comes amid a sharp rise in the total value of tokenized assets on the blockchain, which surpassed $29 billion for the first time this week, as reported by RWA.xyz. The onchain value has nearly doubled since the beginning of the year, with increasing participation from financial institutions offering tokenized products. 

Over half of this value is made up of tokenized private credit, while approximately a quarter consists of tokenized US treasurys. The rest includes tokenized commodities, bonds, equities, and alternative funds.

Stablecoins and Ethereum’s Dominance

When including stablecoins, the total value of tokenized assets reached a record $307 billion. Notably, more than three-quarters of this amount is tokenized on Ethereum and its layer-2 networks. The widespread adoption of tokenization protocols is increasingly seen as a strategic move by governments and institutions to modernize traditional finance.

Crypto investor Ryan Sean Adams remarked on X that “tokenization is now being pushed by the US government in an effort to modernize US markets,” emphasizing that Wall Street and fintech players are actively incentivized to implement blockchain-based financial solutions. 

This momentum has contributed to a growing ecosystem where digital assets are becoming more deeply integrated into mainstream finance.

BlackRock’s Plans ETF Tokenization

Adding further legitimacy to the tokenization trend, global asset manager BlackRock is exploring ways to tokenize its ETFs on the blockchain. This follows the firm’s successful launch of the USD Institutional Digital Liquidity Fund (BUIDL) in 2024, a tokenized money-market fund on Ethereum that has already amassed around $2.2 billion in assets under management.

BlackRock CEO Larry Fink has long advocated for asset tokenization, stating that “every financial asset can be tokenized” and that doing so will “democratize finance.” With tokenization gaining traction, the space looks ready for further expansion in the coming months.