Onchain RWAs will grow by 66% by 2026, when the market will reach $23.6B.
The tokenized real-world values (RWAs) on public blockchains will grow to 66% by 2026, As of Wednesday, it had reached about $23.6 billion, DeFillama data show.
The market stood at around $14.1 billion on January 1 and has been growing steadily through early March. Tokenized funds make up the largest share of the sector, including products backed by US Treasury bills, bonds and money market funds.
DeFillama data shows that tokenized funds represent 44.5 percent of the total market, valued at $10.5 billion, followed by traditional gold and commodities at nearly $6.5 billion and equities at nearly $4 billion. Other segments, including personal loans and leveraged products, make up smaller parts of the onchain RWA ecosystem.
Industry participants told Cointelegraph that the next phase of development is driven less by concept and more by distribution, market access, and time-tradable and stable assets.
Demand for always-on markets drives demand for tokenized assets.
“The real breakthrough here is that few products have become easier to access, distribute and use,” a spokesperson for RWA.xyz told Cointelegraph.
Related: Tokenized US Treasurys Raise Over $1B Since Early 2026
On Tuesday, the total value of tokenized shares in the chain exceeded 1 billion dollars, according to information from RWA.xyz. Platforms like Ondo and xStocks are responsible for most of the activity.
The U.S. Treasury market surpassed $10 billion in market capitalization in February before jumping to $11.13 billion in March.
Investors are “tired” of closing markets.
According to Ross Shemeliak, co-founder and CEO at Stobox, many investors are frustrated with legacy systems that operate on limited trading hours and rely on multiple intermediaries to move capital.
“Investors are tired of financial markets closing at 4pm and looking for intermediaries just to move capital,” Shemeliak told Cointelegraph.
He said the growth of institutional experimentation with tokenization also helped legitimize the model. In the past year, major financial firms have released blockchain-based versions of U.S. Treasuries, mutual funds and other real-world assets.
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