Tokenized real-world assets reached $24.9B in 2026 as Treasuries, stocks, and gold expand onchain markets rapidly.
Tokenized real-world assets are expanding rapidly across blockchain markets. New data from Nexus Data #002 shows the sector reached about $24.9B in value. This is growth of almost 4x in a year. As institutions are moving more towards acceptance of the blockchain, Treasuries, stocks and commodities all drive this rapid market expansion.
Tokenized Assets Surge Nearly 289% Within One Year
According to Nexus Data #002, tokenized assets not including stablecoins totaled around $25B in Feb 19. This represents a yearly growth of about $18.5B. The sector grew approximately 289% year on year. U.S. Treasuries and commodities accounted for almost 58% of this overall growth.
According to Nexus data, the total value of tokenized real-world assets (RWA) has reached $24.9 billion, growing nearly 4× over the past year. U.S. Treasuries and commodities accounted for 58% of the growth, while the share of U.S. Treasuries declined from 59% to 43%, indicating… pic.twitter.com/4NcsJLjBas
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However, the structure of the market changed significantly as well. The percentage of tokenized Treasuries has gone from 59% to 43%. This shift means that the market is becoming more diversified. As a result, investors are looking at a number of asset categories besides government debt.
Related Reading: Ondo Launches Global Service for Tokenized U.S. IPO Stocks – Ledger Tribune
Despite the reduction in market share, however, the tokenized Treasuries enjoyed strong growth. Their total value almost tripled to about $11B. This is an increase of some 183% over the last year. Institutional demand continues to push the use of blockchain in G-Bonds to mainstream financial infrastructure.
Meanwhile, institutional players are widening their participation in the sector. The leader of the tokenized Treasury market is BlackRock, with its BUIDL fund. The fund expanded in assets to around $2.2B following a growth of about 239%. At the same time, Ondo Finance took its total exposure to almost $2B.
Market concentration also fell quite appreciably over the year. The share controlled by the top three projects has gone from 61% to 48%. Therefore, more platforms are entering into the tokenization market. Increased competition may help to strengthen infrastructure and reduce the dominance of a few large providers.
Tokenized Stocks and Gold Drive New Investor Demand
While Treasuries are still dominant, tokenized stocks are growing at an even faster rate. The sector expanded from almost nil to around $786M since the middle of 2025. Investors are starting to trade exposure to equities on blockchain networks themselves.
Major equity products are already available in tokenized form. These include exposure to NVDA, TSLA, SPY and QQQ. The availability of these assets enables the users of blockchain to access traditional financial markets through decentralized infrastructure.
Interestingly, this growth occurred even during the volatility of the price of cryptocurrencies. Demand for tokenized equities spiked as Bitcoin fell below $70,000 as the market fluctuated. This hints that tokenized equities could be gaining their own demand apart from crypto sentiment.
Tokenized gold is also becoming a great macro hedge. Circulating supply almost doubled within the past year. It rose from approximately 687,000 troy ounces to almost 1.3M ounces. Investors seem to be adequately minting blockchain-based gold as opposed to simply holding traditional bullion.
At the same time, there was a strong physical gold market price growth. Global spot prices had increased by about 80% in the same period. This combination of rising prices and issuing tokens suggests a high level of investor confidence in exposure to blockchain-based commodities.
Stablecoin Liquidity Remains Largely Idle in DeFi
Despite great asset growth, liquidity deployment is limited in decentralized finance. RWA backed stablecoins currently have a supply of roughly $8.5B. However, there is only around $1B actively used throughout DeFi protocols.
This means that about 88% of tokenized stablecoin liquidity is idle. The first reason has to do with regulatory restrictions and compliance controls. Many tokenized assets have identity verification and whitelisting procedures.
These requirements impose barriers for open DeFi integration. As a result, institutional assets are often kept away from permissionless financial systems. This limitation limits capital efficiency across blockchain markets.
However, a few projects are overcoming this limitation by new designs. Permissionless stablecoins like reUSD have utilization rates of greater than 96%. These assets are free to be moved around DeFi applications without stringent identity restrictions.
Developers are now talking more and more about composability as the next big thing for tokenized assets. Composability enables the interaction between different blockchain protocols. This ability could open up huge pools of institutional liquidity.
Overall there are still institutions that are putting real world assets directly on blockchain infrastructure. However, according to experts, RWAs may turn into mirror ledgers if liquidity is not utilized. Without active deployment, tokenized assets can just replicate traditional financial records.
Therefore, the next step of tokenization will be based on capital efficiency. Improving DeFi integration could help unlock billions of dollars of unused liquidity. If these systems evolve well, tokenized real-world assets may become a central pillar of global financial markets.