The tokenized real-world assets (RWA) market has surged to $19.32 billion by the end of Q1 2026, marking a significant increase from $5.42 billion at the start of 2025. This growth represents approximately 6.4% of the stablecoin market size during the same period. Tokenized U.S. Treasuries led the expansion, growing by $9 billion to constitute 67.2% of the market. Meanwhile, tokenized commodities, driven by gold-backed tokens like XAUT and PAXG, reached $5.5 billion.
Tokenized RWA Market Expands to $19.3 Billion, Dominated by Gold and Treasuries
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