RWA tokens advanced across the week. The RWA market cap increased from roughly $67 billion to almost $76 billion. That set a fresh level for the real world asset tokenization segment, per CoinMarketCap.
Names tied to tokenized assets drew steady flows. Chainlink (LINK) traded near $24.70. Avalanche (AVAX) traded around $29.01. Each remains central to the RWA tokens narrative due to data feeds and throughput.
Institutional activity in DeFi also featured. Ondo Finance (ONDO) traded near $1.09 and was up 9 percent on the referenced day. Its products connect tokenized Treasuries and short duration funds to onchain value rails.
RWA onchain value peaks at $29 billion as tokenized assets expand
Total onchain value of tokenized assets crossed $29 billion for the first time this year, RWA.xyz shows. The figure has almost doubled since January. New issuers and new structures helped push real world asset tokenization forward.
When stablecoins are included, the total climbs to a record $307 billion. That broader reading captures cash tokens plus tokenized assets across credit and securities. It frames the scale that supports RWA tokens liquidity.
Flows came from banks, asset managers, and fintech firms during 2025. They added tokenized Treasuries, private credit strategies, and short duration funds. Each adds depth to onchain value and the RWA market cap.
Private credit and tokenized Treasuries lead RWA tokenization mix
Private credit makes up more than half of total onchain value. It includes receivables and short term credit funds. These tokenized assets target predictable yields with transparent settlement.
Tokenized Treasuries account for about a quarter of the total. Issuers offer short duration exposure with daily liquidity. These funds anchor the RWA tokens market with consistent demand.
The rest spans commodities, alternative funds, equities, and bonds. Volumes there remain smaller but continue to grow. Together, they broaden real world asset tokenization beyond cash proxies.
Ethereum and layer 2 secure most RWA onchain value
More than three quarters of onchain value sits on Ethereum and layer 2 networks. Liquidity, tooling, and settlement standards pull issuers to that stack. As capacity expands, more tokenized assets move to these rails.
Layer 2 networks carry a rising share of issuance. They lower costs for frequent transfers and redemptions. They also inherit Ethereum security for RWA tokens issuance.
Other chains remain active for specific needs. Some focus on speed and parallel processing. Others add permission features for regulated tokenized assets.
Policy signals and adoption support real world asset tokenization
Policy talk has become more direct.
“Tokenization is now being pushed by the US government in an effort to modernize US markets,”
investor Ryan Sean Adams said on X on Thursday. The remark aligns with pilots in regulated venues that lift onchain value.
Wall Street and fintech firms respond with trials. Programs test tokenized Treasuries, repo, and collateral. These efforts lift the profile of RWA tokens and tokenized assets.
Public pilots shape the path for compliance. Standards for custody and transfer continue to mature. That backdrop supports new listings that add to the RWA market cap.
BlackRock tokenization and BUIDL fund extend RWA footprint
BlackRock is exploring ETF tokenization on public blockchains, according to recent reports. The firm already runs the USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum, launched in 2024. BUIDL holds about $2.2 billion in assets under management.
Chief executive Larry Fink has said every financial asset can be tokenized and that it will “democratize finance.” Those remarks frame the firm’s interest in real world asset tokenization. They also reflect the link between RWA tokens and large issuers.
Any move to tokenize ETFs would expand BlackRock onchain activity. It would meet institutional demand for programmable tokenized assets. For now, the exploration follows BUIDL growth and broader onchain value gains.
