Ethereum’s tokenized RWA market on the mainnet surpassed $17 billion, up roughly 315% year over year, underscoring strong growth in tokenized finance.

Ethereum accounts for about 60% of the total RWA market share, with stablecoins issued on Ethereum providing liquidity exceeding $160 billion.

Ethereum also hosts roughly a third of total on-chain RWA value across networks, highlighting its leading role for tokenized real-world assets and dollar-denominated tokens.

Big traditional financiers are leading the charge, as BlackRock and JPMorgan expand tokenized offerings on Ethereum, including BlackRock’s BUIDL and JPMorgan’s money-market token for qualified investors.

New yield-bearing stablecoins like Syrup USDC and Syrup USDT are boosting on-chain liquidity, totaling roughly $2.3 billion combined and enabling exposure to tokenized Treasury yields.

Tokenized real-world assets, including RWAs and gold, can back DeFi lending and trading with transparent settlement and programmable structures that appeal to both crypto-native firms and traditional asset managers.

JPMorgan rolled out its first tokenized money-market fund on Ethereum last December, seeding it with $100 million and targeting qualified investors, signaling growing institutional appetite for tokenized yield products beyond crypto-native issuers.

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If growth sustains the current pace, tokenized Treasuries and related products could seize a larger share of on-chain capital markets, signaling ongoing momentum in Ethereum’s RWA sector.

Market activity points to broader momentum beyond Treasuries, with Wintermute launching institutional trading for tokenized gold; the tokenized commodities segment could reach about $15 billion in 2026, and commodities already account for more than $5 billion of Ethereum’s RWA footprint.

Growth is driven mainly by tokenized U.S. Treasuries, money-market products, and tokenized gold, with platforms and tokens like Ondo’s USDY, BlackRock’s BUIDL, Janus Henderson, Superstate, WisdomTree, Tether Gold, and Paxos Gold contributing.

Tokenized Treasury and gold products let investors hold low-risk, government-backed assets on-chain while earning traditional fixed-income returns.