Ethereum holds 52.85% of the tokenized RWA market with $16.6B in assets. BlackRock and Franklin Templeton anchor institutional demand on-chain.

RWAs expanded across lending, spot trading and derivatives as broader DeFi activity declined, according to a joint report by CoinShares and Token Terminal.

Deposits of tokenized RWAs into lending platforms and DEXs more than tripled from Q2 2025 to Q2 2026, from $2.3 billion to $7.4 billion.