- US Treasuries dominate RWA TVL, indicating sturdy institutional demand.
- Tokenized non-public credit and items are gaining measurable traction on-chain.
- Regulatory readability is accelerating the adoption of organized RWA infrastructure.
In accordance with CryptoRank information, tokenized real-world property (RWA) reached roughly $21.35 billion in whole worth lock (TVL) as of January 21, 2026, with US Treasury debt accounting for the biggest share of on-chain tokenized property.
This transfer means that fastened earnings merchandise will account for almost all of tokenized asset publicity, and that conventional monetary merchandise will proceed to be institutionally built-in into blockchain-based infrastructure.
Fastened earnings merchandise make up nearly all of RWA combine
U.S. Treasury debt accounts for 42.4% or $9.1 billion of whole RWA TVL, highlighting the company’s desire for tokenized authorities securities. Commodities adopted with $3.7 billion (17.6%), reflecting elevated on-chain demand for bodily property akin to gold and energy-related merchandise.
Non-public credit score accounted for $2.5 billion (11.7%) and institutional different funds accounted for $2.2 billion (10.8%). Company bonds totaled $1.2 billion (5.6%) and public fairness $867 million (4.1%), indicating elevated adoption of tokenized securities.
Smaller segments embody non-US authorities debt at $821 million (3.8%), non-public fairness at $425 million (2.0%), actual property at $243 million (1.1%), and lively administration methods at $199 million (0.9%), representing early enlargement past fastened earnings.
Increasing institutional merchandise and infrastructure
Tokenized fastened earnings merchandise are exhibiting scale, with merchandise akin to BlackRock’s BUIDL fund reaching $2 billion in U.S. Treasury publicity. Extra efforts by corporations akin to VanEck and Apollo International Administration spotlight the deployment of institutional capital into on-chain markets.
Crypto platforms akin to Coinbase and Kraken are increasing their choices of tokenized property, whereas infrastructure suppliers akin to Ondo Finance and Centrifuge are enabling asset managers and banks to deploy tokenized merchandise on blockchain networks.
Protocols akin to RaylsLabs, Canton Community, and Polymesh handle compliance, privateness, and interoperability necessities, and Chainlink helps cross-chain asset validation and collateral workflows.
Including to this sentiment, regulatory developments such because the European Union’s MiCA system and the US SEC’s Mission Crypto initiative are offering clearer pointers on tokenization and lowering authorized uncertainty for institutional traders.
McKinsey’s long-term forecast estimates that the tokenized asset market might attain between $2 trillion and $4 trillion by 2030, whereas Boston Consulting Group predicts a possible market dimension of $16 trillion, highlighting the size of anticipated progress in tokenized monetary merchandise.
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