The value of distributed real-world assets tokenized for on-chain trading climbed to $26.65 billion over the past day, according to fresh data from RWA.xyz. That level sits slightly below the record $26.75 billion set on March 3, but the broader direction of the market remains intact.
Growth this year has been notable. The sector started 2026 at roughly $21.03 billion, which means tokenized assets have expanded by about 25.1% so far this year. Over a longer period, the move is much larger: since January 2025, distributed RWAs have risen from $5.72 billion to current levels, a gain of more than 365%.
U.S. Treasuries remain the largest tokenized asset class
A breakdown of the market shows U.S. Treasury debt holds the biggest share of tokenized RWAs, with around $11 billion in value. Commodities come next at roughly $5.7 billion, while non-U.S. government debt contributes about $1.2 billion. Private equity is also part of the mix, representing close to $1 billion in tokenized value.
The composition points to a market that is spreading across several types of financial instruments rather than concentrating in one segment alone. Government debt still leads by a wide margin, but commodities and private-market exposure are now clearly part of the tokenization stack.
Public chains and enterprise networks both carry meaningful volume
On the infrastructure side, Ethereum, BNB Chain, Liquid Network, and Solana host a large share of distributed RWAs. Another portion of the market is tied to enterprise-oriented networks such as Canton Network and Provenance Blockchain, which account for a substantial slice of a separate segment.
That split shows tokenization infrastructure is developing across both public blockchain ecosystems and institution-focused platforms. The on-chain market draws attention, but enterprise rails are handling a significant amount of asset recording as well.
Total tokenized asset value now exceeds $369 billion
The distributed RWA segment is still only one part of a much larger tokenization market. RWA.xyz data indicates the total tokenized real-world asset market now exceeds $369 billion. Most of that value comes from what the platform classifies as “represented asset value.”
Represented assets are real-world financial instruments recorded on blockchain infrastructure but not actively distributed or traded on-chain. This category alone accounts for about $342 billion of the market, with a large share issued on Canton Network.
The figures show that tokenization is extending well beyond public crypto markets. Distributed RWAs continue to expand inside DeFi, while a far larger pool of traditional financial assets is being placed onto blockchain-based infrastructure through institutional platforms.