The tokenized real-world asset market crossed $37.5 billion in total market capitalization in May 2026, marking 100% growth year-on-year amidst deepening institutional demand for onchain yield.
Institutions Pile Into Onchain FinanceThe shift signals a maturing ecosystem, given that early tokenization was dominated by government-backed assets with predictable yields. That category remains a key institutional entry point with Ondo Finance’s tokenized Treasury products sitting near $2.7 billion in total value locked, while Circle’s USYC, a yield-bearing product backed by short-duration U.S. government securities, has crossed $2.9 billion.
Long-range Projections Reflect Institutional Conviction
