"The RWA tokenization market has recorded one of the most consistent growth curves in crypto, expanding from roughly $1.5 billion in early 2023 to $29.27 billion as of April 2026."
"Tokenized U.S. Treasuries represent the sharpest single-segment move, growing from $380 million in the first quarter of 2023 to $13.4 billion, a roughly 37-fold jump."
"Private credit has meanwhile surpassed treasuries to become the largest non-stablecoin RWA segment, accounting for approximately $14 billion of the $29 billion total."
"Onchain treasury products have been able to draw consistent capital in recent years thanks to them offering yields comparable to traditional instruments while remaining accessible around the clock."
The market capitalization of tokenized real-world assets has increased nearly 20-fold, reaching $29.27 billion as of April 2026. This growth is attributed to institutional interest in tokenizing traditional financial instruments. Tokenized U.S. Treasuries have seen a remarkable rise from $380 million in early 2023 to $13.4 billion. Private credit has emerged as the largest non-stablecoin RWA segment, totaling approximately $14 billion. Major players like Blackrock and Franklin Templeton are leading the charge in this evolving market.
Read at news.bitcoin.com
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