CoinGecko's 2026 RWA Report reveals a 256.7% increase in the market capitalization of tokenized real-world assets (RWA) over the past 15 months, soaring from $5.42 billion at the start of 2025 to $19.32 billion by the end of Q1 2026. This growth now represents 6.4% of the stablecoin market cap.
The report highlights that tokenized U.S. Treasury bonds remain the largest asset class, with their market cap surpassing $10 billion for the first time in February, currently holding a 67.2% market share. Tokenized commodities have also risen to $5.55 billion, driven by strong performances from gold tokens XAUT and PAXG, which saw Q1 spot trading volumes reach $90.7 billion, exceeding the total for 2025. Additionally, tokenized stocks, launched mid-2025, have reached a market cap of $486 million.
Tokenized RWA Market Cap Surges 256.7% to $19.32 Billion
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