Onchain Tokenized RWAs Climb to $25 Billion, Forecasts Point to $400 Billion by End of 2026

Tokenized real-world assets excluding stablecoins have risen to more than $25 billion in onchain value, up sharply from about $6.4 billion a year earlier as major financial institutions expand their tokenization efforts. Multiple asset classes, including U.S. Treasuries and private credit, have each surpassed $1 billion, while some forecasts suggest the overall market could exceed $400 billion before the end of 2026 if current issuance trends persist.