CoinGecko’s 2026 RWA report exhibits tokenized property surged 256% to $19.3B, led by treasuries, gold, and booming perps buying and selling exercise.
The tokenized real-world asset market simply crossed a serious milestone. CoinGecko’s RWA Report 2026 exhibits the sector grew 256.7% in fifteen months.
Whole market capitalization reached $19.32 billion by the tip of Q1 2026. That determine was simply $5.42 billion in the beginning of 2025.
Tokenized RWAs now signify 6.4% of the full stablecoin market, up from 2.7% in early 2025.
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Tokenized Treasuries and Commodities Drive RWA Market Development
Tokenized treasuries stay the dominant asset class throughout the RWA sector. They added $9 billion throughout the interval, marking a 225.5% enhance.
Their share of complete RWA market cap sits at 67.2%. The $10 billion mark was crossed for the primary time on February 11, 2026, which briefly accelerated momentum.
Tokenized commodities adopted intently, rising 289% to succeed in $5.55 billion. Gold-backed tokens drove most of that climb.
Tether’s XAUT and Paxos’ PAXG collectively accounted for 89.1% of the expansion. PAXG grew its market share from 36.8% to 41.8%, ending Q1 2026 at $2.32 billion in market cap.
XAUT held the highest spot at $2.52 billion.
Smaller treasured steel tokens additionally gained floor in absolute phrases. Kinesis’ silver-backed KAG greater than doubled to $0.35 billion.
KAU added $0.23 billion. Matrixdock’s XAUM scaled elevenfold, reaching $0.07 billion.
CoinGecko’s RWA Report 2026 is now LIVE 📊
The tempo of RWA tokenization has noticeably accelerated, with main TradFi gamers now competing on regulatory standing, asset protection and distribution attain.
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— CoinGecko (@coingecko) April 30, 2026
Tokenized Shares and ETFs Scale Quickly Since Mid-2025
Tokenized shares launched in mid-2025 and grew shortly. The asset class went from $2.09 million in June 2025 to $486.69 million by March 31, 2026.
Circle leads with a market cap of $171.39 million, capturing a 35.2% share. Tesla and Nvidia path behind at $61.70 million and $42.59 million respectively.
In accordance to CoinGecko, Ondo Finance’s September 2025 launches tripled the sector’s market cap inside a single month.
Spot buying and selling quantity for tokenized shares hit $15.12 billion in Q1 2026 alone. That already surpasses the $14.84 billion recorded throughout your entire second half of 2025.
Tokenized ETFs reached $297.50 million by finish of Q1 2026. Ondo’s SPDR S&P 500 leads the class at $32.45 million. iShares Silver Belief follows at $31.75 million. Ondo holds 8 of the highest 10 spots on this class.
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RWA Perpetuals Quantity Surges Previous 2025 Full-12 months Figures
RWA perpetuals recorded $524.79 billion in buying and selling quantity throughout Q1 2026. That already exceeds the $313.02 billion collected throughout all of 2025.
The report notes this marks the fourth consecutive quarter of progress in RWA perps quantity.
Open curiosity rose sharply over the identical interval. Every day open curiosity climbed from $0.14 billion in January 2025 to $6.68 billion by March 2026.
The Q1 2026 each day common stood at $4.82 billion. That’s over 5 instances the $0.85 billion each day common recorded all through 2025.
Hyperliquid‘s HIP-3 gained notable traction inside this house. Its share of month-to-month RWA perps quantity jumped from 2.8% at launch in October 2025 to twenty-eight.6% by March 2026.
HIP-3 quantity totaled $130.87 billion in Q1 2026, up from $12.65 billion in This autumn 2025.
CoinGecko attributes the broader progress to bettering market infrastructure and rising demand throughout asset lessons.