RWAs exceed $25 billion after almost quadrupling in a 12 months

Six asset lessons now exceed $1 billion onchain, however simply 12% of RWA-backed stablecoin provide has entered DeFi protocols.

Tokenized real-world belongings, excluding stablecoins, have crossed $25 billion in onchain worth, almost quadrupling from roughly $6.4 billion a 12 months earlier, based on information from RWA.xyz.

The milestone, and continued progress, as RWAs hit the $20 billion mark on the finish of 2025, continues a shift from early experimentation towards institutional-scale deployment. Asset managers, together with BlackRock, Constancy, and WisdomTree, have launched tokenized fund merchandise over the previous 12 months, whereas the variety of tokenized U.S. Treasury choices alone expanded from 35 to over 50, based on information compiled by Nexus Information Labs.

Six tokenized asset classes have now crossed the $1 billion threshold: U.S. Treasuries, commodities, non-public credit score, institutional various funds, company bonds, and non-U.S. authorities debt, based on RWA.xyz information.

Issuance outpaces integration

Nonetheless, a lot of the exercise displays asset issuance moderately than lively buying and selling.

Regardless of the expansion in provide, a lot of the exercise displays asset issuance moderately than lively buying and selling. Onchain switch information reveals most of the largest RWA transactions clustering round $10 million per switch, a sample in line with institutional allocation batching moderately than steady market exercise.

A February 2026 survey from tokenization platform Brickken bolstered the purpose: 53.8% of tokenized asset issuers mentioned capital formation and fundraising effectivity are their major motivation for tokenizing, whereas simply 15.4% cited liquidity.

Even when belongings transfer onchain, most stay walled off from decentralized finance.

Nexus Information Labs estimates roughly $8.49 billion in RWA-backed stablecoin provide exists, however solely about $1 billion, or 11.8%, is at present deployed in DeFi protocols.

The remaining 88% sits outdoors onchain lending and buying and selling programs, largely as a result of the underlying belongings impose compliance necessities, together with KYC checks, switch restrictions, and whitelisting.

That hole frames the sector’s central query heading into the second half of the 12 months. Tokenized asset provide is rising quick sufficient that some projections place the market above $400 billion by year-end.

Whether or not these belongings stay siloed in permissioned constructions or start integrating with the composable collateral, lending, and buying and selling programs that outline DeFi will possible decide whether or not tokenization scales as a parallel settlement layer for conventional finance or turns into one thing structurally totally different.