Tokenized real-world assets have reached approximately $65 billion, a 44% increase since January. This growth trend is closely linked to traditional financial firms moving funds, bonds, and cash products onto blockchain platforms.
According to data from The Block, the market has grown from about $100 million in 2021 to over $60 billion today, with tokenized U.S. Treasuries reaching $14 billion as of May.
The market is segmented across five networks.
Ethereum accounts for about one-third of the tokenized assets, bolstered by BlackRock's BUIDL fund, which has surpassed $2 billion and diversified investments across multiple chains.
Provenance Blockchain holds about 27%, primarily driven by Figure Lending and mortgage-related issuances. BNB Chain, XRP Ledger, and Solana each account for approximately 6%.
According to a report by Messari, Solana's RWA market grew by 43% in the first quarter, reaching $2.01 billion. Additionally, Solana's on-chain economic activity is valued at $342.2 million. Franklin Templeton has expanded its FOBXX government money market fund to the Stellar and Polygon blockchains.
Data from rwa.xyz shows that Ondo Finance holds a 60% share in the tokenized stock market, managing $557 million across 230 asset classes.
Current Movements of Major Players
JPMorgan launched its first tokenized money market fund on Ethereum in December 2025 and submitted a second fund in May. DAMAC partnered with MANTRA in January 2025 to initiate a $1 billion real estate tokenization project.
Tokenized stocks are nearing the $1 billion mark, with monthly transfer volumes reaching $2.94 billion, an increase of 85.78% compared to 30 days ago.
U.S. Treasuries continue to lead at $12.78 billion, followed by commodity assets at $5.4 billion and asset-backed credit lines at $3.19 billion.
According to forecasts from Boston Consulting Group and Standard Chartered, the market could reach $16 trillion by 2030. McKinsey anticipates it will reach $2 trillion by then.