More than US$26.4 billion in real-world assets are now deployed on-chain, with over US$15 billion routed through Ethereum as the primary public distribution layer for tokenised assets. Canton Network processed more than US$6 trillion in RWA value during 2025 and now moves over US$350 billion in assets daily. Cross-chain pricing discrepancies of 1–3% and capital transfer costs of 2–5% persist across fragmented blockchains. Banks are increasingly splitting tokenised asset activity across two types of blockchain.
Public chains such as Ethereum are being used for liquidity, distribution and DeFi access. Private networks such as Canton are being used for settlement and transactions that institutions do not want exposed on public infrastructure. That split is becoming more important as tokenised real-world assets grow. On-chain RWA holdings have passed US$26.4 billion (AU$38.8 billion), while moving assets between chains can add 2% to 5% in extra cost.
Ethereum remains the main public venue, with more than US$15 billion (AU$22.1 billion) in tokenised assets. Canton has become a major private settlement network. The latest step came on March 9, when Zenith launched as an execution layer for Canton. 2025 was the year regulated finance moved on-chain, and Canton scaled with it.















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