The tokenized real-world assets market has crossed $38B, driven by BlackRock, Franklin Templeton, and institutional demand for on-chain Treasuries and private credit.

The distributed market structure suggests the RWA landscape has not yet consolidated around a clear winner.

The tokenized real-world assets market hit $33.7B in May 2024, up from under $1B in early 2023, as institutional giants like BlackRock join the space.

The tokenized real-world assets market has crossed $38B, driven by BlackRock, Franklin Templeton, and institutional demand for on-chain Treasuries and private credit.