Tokenized RWA Market Cap Climbs to Record $33.7B

Tokenized RWA Market Cap Climbs to Record $33.7B as Treasury Demand Accelerates

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Tokenized RWA Market Cap Climbs to Record $33.7B as Treasury Demand Accelerates
  • Ethereum Treasury inflows drive tokenized asset market to fresh highs globally.
  • Hyperliquid and Solana accelerate institutional demand for blockchain RWAs worldwide.
  • XRP Ledger and Canton Network highlight shifting dominance across tokenization markets.

The on-chain real-world asset sector continues attracting strong institutional and retail interest as tokenized asset value surged to a new record above $33.7 billion. Fresh capital inflows, expanding blockchain adoption, and rising demand for around-the-clock market access pushed the sector higher during recent weeks. 

Nearly $1.5 billion recently entered Ethereum-based tokenized US Treasury products alone. The rapid expansion reflects growing confidence in blockchain infrastructure for traditional financial products. Besides, major financial firms continue launching new tokenized investment products, accelerating adoption across multiple blockchain ecosystems.

Franklin Templeton contributed to the latest growth wave after introducing its new tokenized product, iBENJI. Additionally, BlackRock’s BUIDL fund maintained strong inflows, reinforcing Ethereum’s position within the tokenized Treasury market. Investors increasingly favor tokenized products because they offer faster settlement, greater accessibility, and continuous trading availability.

Hyperliquid and Solana Post Strong Growth

Activity surrounding tokenized assets also expanded sharply across decentralized trading platforms. Hyperliquid’s RWA open interest climbed to a record $2.6 billion, doubling its total from two months ago. 

The sharp increase highlights rising trader demand for continuous access to tokenized financial markets. Moreover, the trend signals growing confidence in decentralized infrastructure supporting real-world financial products.

Solana also strengthened its position within the sector after its RWA ecosystem surpassed $2.8 billion in total value. The network posted a 13.5% monthly increase, reflecting accelerating participation across tokenized asset applications. Additionally, Solana maintained one of the highest representation counts among leading chains, showing broad ecosystem engagement.

Meanwhile, data from RWA.xyz showed that XRP Ledger emerged as one of the strongest-performing networks during the past month. The blockchain reached $3.9 billion in total value after recording a massive 55.4% increase. Consequently, the sharp growth suggested increasing investor attention toward XRP Ledger’s expanding tokenization ecosystem.

Canton Maintains Dominance Despite Market Shifts

Despite rising competition, Canton Network continued dominating the tokenized asset industry by a wide margin. The network held $313.7 billion in total value, representing an 83.83% market share across the sector. However, Canton posted a 4.84% monthly decline, indicating slower momentum compared with several emerging competitors.

Ethereum remained the second-largest network with $18.9 billion in value, although it experienced a 7.4% decline during the same period. In contrast, Provenance recorded steady growth and reached $17.9 billion after gaining 6.55%.

Elsewhere, BNB Chain climbed to $4 billion following a 5.18% increase. ZKsync Era reached $3.2 billion with a 5.45% gain. 

Related: ZachXBT Launches $10,000 Bounty on Information Nailing HSBG for Market Manipulation

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