Ethereum Accounted for $21.8B of $46.3B Tokenized Real-World Asset Market

Ethereum held $21.8 billion in tokenized real-world assets out of a $46.3 billion market, putting it well ahead of the next-largest networks.

BNB Chain followed at $6.1 billion, while Solana and Stellar each recorded $3.6 billion. The market's total value had grown 920% over three years.

Tokenized real-world assets (RWAs) are digital tokens on blockchains that represent assets such as commodities, securities, funds and real estate. That format can support faster settlement, continuous trading and smaller ownership units.

Tokenized U.S. government bonds have supported much of Ethereum's broader RWA value. Network totals can differ from category-specific measures: XRP Ledger was ahead of Ethereum in tokenized commodity inflows, while Ethereum's overall asset value remained greater.

The broader tokenized-asset market stood at $38.8 billion in its mid-September snapshot, before reaching $46.3 billion.