Tokenized Asset Market Surges with 256.7% Growth in 15 Months
The tokenized asset market has experienced significant growth, with the market capitalization of tokenized real-world assets (RWA) rising from $5.42 billion at the start of 2025 to $19.32 billion by the end of Q1 2026, marking a 256.7% increase over 15 months, according to CoinGecko. Tokenized commodities, particularly gold-backed tokens like XAUT and PAXG, have driven this growth, with their market value reaching $5.55 billion.
In Q1 2026, the spot trading volume for tokenized gold reached $90.7 billion, surpassing the total volume for 2025, which was $84.6 billion. Additionally, tokenized stocks saw a Q1 spot trading volume of $15.12 billion, exceeding the total for the second half of 2025. The trading volume for RWA perpetual contracts also rose significantly, reaching $524.79 billion in Q1 2026, compared to $313.02 billion for the entire year of 2025.