Tokenized assets market value surges to $387B

TLDR

Tokenized real world assets now represent about $387 billion in value, showing that onchain finance is shifting into mainstream market infrastructure.

1. The $387 billion figure is represented value across tokenization frameworks, with only around $39 billion currently circulating on public blockchains.
2. Growth is driven mainly by tokenized stocks and government securities, plus platforms and banks that are putting traditional assets on chains.
3. Trading activity and DeFi usage are still modest, so the key signals are onchain volume, active users and how regulators and institutions shape the rules.

Deep Dive

1. What The $387 Billion Actually Represents

Recent data from RWA.xyz shows tokenized assets at roughly $386.92 billion of represented value, up about 3.63 percent over 30 days, while distributed value on public chains is about $39.15 billion and grew only 1.54 percent in the same period. That gap matters: represented value includes assets inside tokenization frameworks, whereas distributed value is the portion actually minted and circulating as tokens on public blockchains like Ethereum, Solana, Avalanche and the XRP Ledger, and therefore available for DeFi or 24/7 trading on chain.

At the holder level, tokenized asset wallets have climbed to around 3.6 million, with a roughly 109 percent increase over 30 days and about 2,500 percent since mid 2025, according to aggregated reporting from RWA.xyz and major media outlets that track these markets.

Confidence: high because multiple independent reports quote the same figures and definitions.

2. What Is Driving The Surge

Tokenized stocks are doing most of the heavy lifting. They now account for over 80 percent of distributed holders and roughly 5,246 individual assets worth about $2.89 billion, with holders of tokenized equities nearing 3 million. Other categories include tokenized US Treasuries, money market funds, private credit and commodities such as gold.

On the infrastructure side, platforms like Ondo and Robinhood are major venues for tokenized stocks and ETFs, while banks and market infrastructure providers are rolling out institutional rails. Citigroup already processes about $1 billion per day via tokenized deposits for cross border payments, positioning them as a regulated alternative to stablecoins for corporate treasuries, and Broadridge has launched its DLX platform to support multi asset tokenization for bonds, equities and funds. Together, these moves help explain why the headline market value is climbing rather than being purely crypto native.

3. Liquidity, Risks And What To Watch

Despite the jump in holders, activity is cooler. Monthly transfer volume in tokenized stocks has dropped about 51 percent to $13.14 billion and monthly active addresses have fallen nearly 48 percent, indicating more people are holding these tokens but fewer are trading them. DeFi facing real world asset perpetuals have also seen volume decline from about $141 billion to $122 billion month over month.

Regulators are starting to flag the risks. Central bank officials in India, for example, have highlighted legal uncertainty, data privacy, liquidity, interoperability and concentration risk as key challenges as tokenization expands, signalling that legal frameworks are not settled yet. For crypto users, the most useful metrics to monitor are distributed value, onchain trading volumes, active addresses and how quickly tokenized assets integrate into DeFi protocols with robust liquidity.

Conclusion

The surge to roughly $387 billion in tokenized asset value shows that tokenization is becoming part of core financial plumbing, with stocks and treasuries leading the way. However, only a fraction of that value is live on public chains and active trading has softened, so the real signal for crypto users is not just how much is tokenized, but where those tokens are liquid, widely held and legally supported.