Key Takeaways
- Rwa.xyz knowledge reveals tokenized belongings fell to $34.67 billion, down from a $35.2 billion peak on July 10, 2026.
- Determine’s HELOC token leads all real-world belongings with a $20.1 billion represented worth on Provenance.
- Tokenized inventory holders jumped 75.71% in 30 days as JPMorgan’s JLTXX fund gained 87.23% in the identical span.
Treasuries Nonetheless Dominate, However Development Has Seen Some Cooling
Tokenized U.S. Treasuries stay the most important class within the sector, with $15.86 billion in distributed worth, up 2.23% over 30 days. The class’s common seven-day yield sits at 3.30%, down 2.18% from the prior week. Rwa.xyz statistics log 85 tracked treasury assets and 62,846 holders.
Circle’s USYC token leads the category at $2.96 billion, although it slipped 1.45% over seven days and three.65% over 30 days. Blackrock’s USD Institutional Digital Liquidity fund (BUIDL), issued by means of Securitize, holds $2.52 billion, down 12.22% weekly regardless of a 6.29% month-to-month acquire. Ondo’s U.S. Greenback Yield token (USDY) sits at $2.16 billion. Franklin Templeton’s iBENJI product holds $1.64 billion, and its sibling BENJI token provides one other $734.5 million.
Janus Henderson’s Treasury Fund (JTRSY), constructed on Centrifuge, holds $880.7 million. JPMorgan’s OnChain Liquidity-Token Cash Market fund (JLTXX), issued through Kinexys Digital, posted the sharpest acquire amongst main treasury merchandise, up 87.23% over 30 days to $809.7 million. Wisdomtree’s Treasury Cash Market Digital fund (WTGXX) holds $764.9 million with a 3.50% yield. Superstate’s Invesco Brief Length US Authorities Securities fund (USTB) rounds out the highest tier at $683.8 million, although it dropped 18.39% for the month.
By community, Ethereum carries the largest share of tokenized treasury worth at $7.1 billion, adopted by BNB Chain at $4.7 billion and Stellar at $1.2 billion. Solana holds $997.2 million, Avalanche C-Chain holds $842.9 million, XRP Ledger holds $292.7 million, and SEI holds $259.2 million, based mostly on distributed worth as of July 21, 2026.
Non-U.S. Authorities Debt Grows Quick From a Small Base
Tokenized debt issued outside the United States reached $1.41 billion in distributed worth, up 6.90% over 30 days, unfold throughout 24 belongings and 9,908 holders. Spiko’s EU T-Payments Cash Market Fund (EUTBL) leads the class at $1.02 billion, up 2.97% weekly and 10.07% month-to-month. Cashlink’s NRW1 token, issued on Polygon, holds $114.2 million. Libeara’s suite of Asian cash market funds trails behind: ChinaAMC’s HKD fund (CAMMF) at $91.2 million, the A&I CAMC RMB fund (AICRT) at $72.7 million, ChinaAMC’s RMB fund (CRMBR) at $31.3 million, and the A&I CAMC HKD fund (AICHT) at $26 million.
Spiko’s UK T-Payments fund (UKTBL) holds $18.2 million. Backed Finance’s GOVIES Euro fund (bC3M) holds $9.9 million. OpenTrade’s Fastened Time period E.U. Bonds Vault on Ethereum holds $5.7 million, and Etherfuse’s CETES token holds $5.3 million.
Tokenized Shares Put up the Sector’s Strongest Development
Tokenized equities and ETFs grew quicker than every other class tracked. Distributed worth rose 15.10% over 30 days to $1.86 billion, whereas represented worth climbed 6.41% to $20.25 million. Month-to-month switch quantity jumped 31.75% to $8.00 billion, and holders surged 75.71% to 671,490, even as month-to-month lively addresses fell 22.04% to 168,368.
Determine’s FGRS token leads the class at $211.2 million. Securitize Corp.’s SECZ token holds $162.6 million. xStocks’ Technique PP Variable token (STRCx) holds $125.8 million. Ondo’s tokenized model of Circle Web Group (CRCLon) holds $99.7 million, and its tokenized iShares Core S&P 500 ETF (IVVon) holds $67.7 million. xStocks’ Circle token (CRCLx) holds $44.7 million, whereas Ondo’s Micron Know-how token (MUon) holds $42.1 million and its SPDR S&P 500 ETF token (SPYon) holds $42.1 million. Securitize’s Exodus Motion Inc. token closes out the highest tier at $41.7 million.
Gold Nonetheless Anchors the Commodities Market
Tokenized commodities carry $4.48 billion in distributed worth, down 3.88% over 30 days, alongside $3.19 billion in represented worth, up 2.26%. Month-to-month switch quantity fell practically in half, down 49.23% to $3.27 billion, whereas month-to-month lively addresses slipped 1.21% to 36,136 and holders dipped 0.28% to 240,860. Tether Gold (XAUT) and Paxos Gold (PAXG) stay the 2 largest gold-backed tokens driving the class, alongside smaller issuers together with Matrixdock Gold, Streamex GLDY and Comtech Gold.
Actual Property Stays the Smallest Class
Tokenized real estate held $202.63 million in distributed worth, down 0.02% over 30 days, and $279.84 million in represented worth, unchanged. The class spans 104 belongings throughout 11 international locations and counts 18,660 holders, although month-to-month lively addresses fell 14.23% to 1,103.
Personal Fairness and Enterprise Capital Preserve Climbing
Distributed worth in tokenized personal fairness and enterprise capital reached $2.13 billion, up 8.26% over 30 days, unfold throughout 29 belongings and seven,200 holders. Securitize’s Blockchain Capital III Digital Liquid Enterprise fund (BCAP) leads at $967.6 million. Ctrl Alt’s Titan III Fairness Token (TTN-III) holds $300.1 million, and its Hera I Fairness Token (HERA-I-E) holds $280.1 million.
Securitize’s Exodus Motion Inc. Class B shares (EXODB) maintain $88.5 million. Colb Finance’s Colb Revolut token (CREV) holds $88.1 million. Republic’s preSPAX fund holds $85.8 million, and its Animoca Fairness token (AB1) holds $49.9 million. Beself Model’s BeToken (BTK) holds $47.4 million, and Mubadala Capital’s two Various Options Fund tranches on KAIO maintain $39.7 million and $25 million respectively.
Credit score Leads on Represented Worth
Tokenized credit score carries $6.93 billion in distributed worth, up 2.87% over 30 days, and $35.75 billion in represented worth, up 3.55%, throughout 2,509 belongings and 185,845 holders. Determine’s HELOC Token (FIGR_HELOC), constructed on Provenance, dominates the class and your complete RWA sector at $20.1 billion in represented worth.
Bridgetower’s DOM X Arizona Copper-Gold Venture (AZX1), a hybrid asset on Avalanche, holds $11.06 billion. Maple’s Syrup USDC token holds $1.22 billion within the credit score class. STOKR’s Blockstream Mining Word 2 (BMN2) holds $759.6 million, and Centrifuge’s Janus Henderson AAA CLO Fund (JAAA) holds $689.2 million. STOKR’s PKH Mining Word 2 (PKH2) holds $577.5 million, Realiz’s VuMe Bond 2030 on Stellar holds $500 million, and Hastra’s PRIME token holds $417.4 million.
The Largest Property within the Sector
Ranked by complete worth, Determine’s HELOC Token tops your complete RWA market at $20.1 billion, adopted by Bridgetower’s DOM X Arizona Copper-Gold Venture at $11.06 billion. Circle’s USYC ($2.96 billion) and Blackrock’s BUIDL ($2.52 billion) maintain the third and fourth spots. Tether Gold ($2.43 billion), Justoken’s JMWH ($2.23 billion), Ondo’s USDY ($2.16 billion), Paxos Gold ($1.80 billion), Franklin Templeton’s iBENJI ($1.64 billion) and Maple’s Syrup USDC ($1.52 billion) spherical out the highest ten.
Additional down the checklist, Spiko’s EU T-Payments fund ($1.02 billion) ranks eleventh, adopted by Securitize’s Blockchain Capital III fund ($967.6 million), Centrifuge’s Janus Henderson Treasury Fund ($880.7 million), Spiko’s Amundi In a single day Swap Fund ($816.7 million, up 49.61% month-to-month), JPMorgan’s JLTXX ($809.7 million), WisdomTree’s WTGXX ($764.9 million), STOKR’s Blockstream Mining Word 2 ($759.6 million), Franklin Templeton’s BENJI ($734.5 million), Centrifuge’s JAAA ($689.2 million) and Superstate’s USTB ($683.8 million).
The pullback from the July 10 peak reveals how shortly capital strikes between treasury merchandise, equities, and credit score devices as yields and demand shift week to week. Establishments from Blackrock to JPMorgan to Franklin Templeton continue building out competing merchandise, whereas newer entrants like Bridgetower’s mining and mineral-backed credit score notice exhibit that tokenization is increasing nicely past authorities debt and gold. For traders and policymakers watching onchain finance, the info factors to a maturing however nonetheless risky market, one the place represented and distributed values can swing sharply even as complete holder counts preserve climbing.
