Overview
- The tokenized RWA market passed roughly $43 billion in mid‑June 2026, according to Token Terminal, after ten straight monthly highs ended May near $28.9 billion.
- Ethereum still hosts the largest share of tokenized assets, holding about half of the total on‑chain value, but BNB Chain, Solana, zkSync Era and other networks have grown meaningfully in recent months.
- A small set of large institutional products drives much of the rise, with Circle’s USYC, BlackRock’s BUIDL and major gold tokens each worth roughly $2 billion to $3 billion, creating concentration that raises issuer, custody and smart‑contract risk.
- Tokenized funds reached an all‑time high of about $34.3 billion, reflecting rapid product diversification into money market funds, private credit and commodities and broadening use beyond U.S. Treasury pilots.
- Major banks and market infrastructures are piloting on‑chain integrations and analysts project multi‑trillion upside by 2030, but wider adoption depends on legal title, custody rules, pricing feeds and cross‑chain plumbing that will determine who benefits and how fast retail and institutional access expands.