On-chain news: The real-world assets (RWA) market has surpassed $25 billion, nearly quadrupling from $6.4 billion a year ago, according to RWA.xyz. Six major categories—including U.S. Treasuries, commodities, and private credit—exceed $1 billion. BlackRock, Fidelity, and WisdomTree have launched tokenized products, with the number of U.S. Treasury token offerings increasing from 35 to over 50 in the past year.
According to CoinDesk, data from RWA.xyz shows that the on-chain RWA market size, excluding stablecoins, has surpassed $25 billion, nearly quadrupling from approximately $6.4 billion a year ago. Six asset classes—U.S. Treasuries, commodities, private credit, institutional alternative funds, corporate bonds, and non-U.S. government bonds—have all surpassed the $1 billion threshold. Over the past year, asset managers such as BlackRock, Fidelity, and WisdomTree have launched tokenized fund products, increasing the number of tokenized U.S. Treasury products from 35 to over 50.
The on-chain real-world assets (RWA) market has reached $25 billion, almost quadrupling from $6.4 billion a year ago, according to RWA.xyz data cited by CoinDesk. Six major asset categories, including U.S. Treasuries, commodities, and private credit, now surpass $1 billion each. Asset managers such as BlackRock, Fidelity, and WisdomTree have rolled out tokenized products, contributing to a rise in tokenized U.S. Treasury offerings from 35 to over 50 over the past year. This expansion highlights growing investor interest in on-chain RWAs beyond stablecoins and underscores the breadth of assets accessible through tokenization.














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