The real-world asset (RWA) sector logged $34.67 billion in distributed value this week, down from the $35.2 billion peak recorded on July 10, 2026, according to data from rwa.xyz. The modest pullback over the last week comes even as the broader tokenization ecosystem keeps expanding on other fronts.
Key Takeaways
Rwa.xyz data shows tokenized assets fell to $34.67 billion, down from a $35.2 billion peak on July 10, 2026.Figure’s HELOC token leads all real-world assets with a $20.1 billion represented value on Provenance.Tokenized stock holders jumped 75.71% in 30 days as JPMorgan’s JLTXX fund gained 87.23% in the same span.Janus Henderson’s Treasury Fund (JTRSY), built on Centrifuge, holds $880.7 million. JPMorgan’s OnChain Liquidity-Token Money Market fund (JLTXX), issued via Kinexys Digital, posted the sharpest gain among major treasury products, up 87.23% over 30 days to $809.7 million. Wisdomtree’s Treasury Money Market Digital fund (WTGXX) holds $764.9 million with a 3.50% yield. Superstate’s Invesco Short Duration US Government Securities fund (USTB) rounds out the top tier at $683.8 million, though it dropped 18.39% for the month.
Non-U.S. Government Debt Grows Fast From a Small BaseSpiko’s UK T-Bills fund (UKTBL) holds $18.2 million. Backed Finance’s GOVIES Euro fund (bC3M) holds $9.9 million. OpenTrade’s Fixed Term E.U. Bonds Vault on Ethereum holds $5.7 million, and Etherfuse’s CETES token holds $5.3 million.
Tokenized Stocks Post the Sector’s Strongest GrowthTokenized equities and ETFs grew faster than any other category tracked. Distributed value rose 15.10% over 30 days to $1.86 billion, while represented value climbed 6.41% to $20.25 million. Monthly transfer volume jumped 31.75% to $8.00 billion, and holders surged 75.71% to 671,490, even as monthly active addresses fell 22.04% to 168,368.
Figure’s FGRS token leads the category at $211.2 million. Securitize Corp.’s SECZ token holds $162.6 million. xStocks’ Strategy PP Variable token (STRCx) holds $125.8 million. Ondo’s tokenized version of Circle Internet Group (CRCLon) holds $99.7 million, and its tokenized iShares Core S&P 500 ETF (IVVon) holds $67.7 million. xStocks’ Circle token (CRCLx) holds $44.7 million, while Ondo’s Micron Technology token (MUon) holds $42.1 million and its SPDR S&P 500 ETF token (SPYon) holds $42.1 million. Securitize’s Exodus Movement Inc. token closes out the top tier at $41.7 million.
Gold Still Anchors the Commodities MarketTokenized commodities carry $4.48 billion in distributed value, down 3.88% over 30 days, alongside $3.19 billion in represented value, up 2.26%. Monthly transfer volume fell nearly in half, down 49.23% to $3.27 billion, while monthly active addresses slipped 1.21% to 36,136 and holders dipped 0.28% to 240,860. Tether Gold (XAUT) and Paxos Gold (PAXG) remain the two largest gold-backed tokens driving the category, alongside smaller issuers including Matrixdock Gold, Streamex GLDY and Comtech Gold.
Real Estate Remains the Smallest Category Private Equity and Venture Capital Keep ClimbingDistributed value in tokenized private equity and venture capital reached $2.13 billion, up 8.26% over 30 days, spread across 29 assets and 7,200 holders. Securitize’s Blockchain Capital III Digital Liquid Venture fund (BCAP) leads at $967.6 million. Ctrl Alt’s Titan III Equity Token (TTN-III) holds $300.1 million, and its Hera I Equity Token (HERA-I-E) holds $280.1 million.
Securitize’s Exodus Movement Inc. Class B shares (EXODB) hold $88.5 million. Colb Finance’s Colb Revolut token (CREV) holds $88.1 million. Republic’s preSPAX fund holds $85.8 million, and its Animoca Equity token (AB1) holds $49.9 million. Beself Brand’s BeToken (BTK) holds $47.4 million, and Mubadala Capital’s two Alternative Solutions Fund tranches on KAIO hold $39.7 million and $25 million respectively.
Credit Leads on Represented ValueTokenized credit carries $6.93 billion in distributed value, up 2.87% over 30 days, and $35.75 billion in represented value, up 3.55%, across 2,509 assets and 185,845 holders. Figure’s HELOC Token (FIGR_HELOC), built on Provenance, dominates the category and the entire RWA sector at $20.1 billion in represented value.
Ranked by total value, Figure’s HELOC Token tops the entire RWA market at $20.1 billion, followed by Bridgetower’s DOM X Arizona Copper-Gold Project at $11.06 billion. Circle’s USYC ($2.96 billion) and Blackrock’s BUIDL ($2.52 billion) hold the third and fourth spots. Tether Gold ($2.43 billion), Justoken’s JMWH ($2.23 billion), Ondo’s USDY ($2.16 billion), Paxos Gold ($1.80 billion), Franklin Templeton’s iBENJI ($1.64 billion) and Maple’s Syrup USDC ($1.52 billion) round out the top ten.
Further down the list, Spiko’s EU T-Bills fund ($1.02 billion) ranks 11th, followed by Securitize’s Blockchain Capital III fund ($967.6 million), Centrifuge’s Janus Henderson Treasury Fund ($880.7 million), Spiko’s Amundi Overnight Swap Fund ($816.7 million, up 49.61% monthly), JPMorgan’s JLTXX ($809.7 million), WisdomTree’s WTGXX ($764.9 million), STOKR’s Blockstream Mining Note 2 ($759.6 million), Franklin Templeton’s BENJI ($734.5 million), Centrifuge’s JAAA ($689.2 million) and Superstate’s USTB ($683.8 million).
