CoinGeckoThe latest RWA Report 2026 shows that tokenization of real-world assets has entered a new phase of explosive expansion. Between the beginning of 2025 and the end of March 2026, the total market value of tokenized RWAs more than tripled, rising 256.7 percent from $5.42 billion to $19.3 billion. According to the information obtained CoinGeckoThis increase surpassed stablecoins, increasing RWAs from just 2.7 percent to 6.4 percent of the stablecoin market size, signaling that tokenized traditional assets are playing a larger role on-chain. finance.
Tokenized U.S. Treasuries remain the dominant category, holding 67.2 percent of overall RWA Sunday despite a modest decrease from 73.7 percent at the beginning of the year.
The segment surpassed the $10 billion milestone in mid-February 2026, adding nearly $9 billion in value.
While Treasuries accounted for more than half of the sector’s absolute growth, their relative weight has diminished as other asset classes have grown even faster.
Commodities recorded the strongest percentage gain, rising 289 percent to $5.55 billion, taking 28.7 percent of the total RWA pie.
Gold-backed tokens led this increase: XAUT and PAXG together accounted for nearly 90 percent of the increase in the category, with market caps of $2.52 billion and $2.32 billion, respectively.
Smaller precious metal tokens such as KAG (silver) and KAU also grew, but their market shares narrowed slightly due to the rise in gold prices.
Tokenized spot trading gold it exceeded $90.7 billion in the first quarter of 2026 alone, already surpassing 2025’s full-year volume of $84.6 billion; This drew attention to the intense investor interest and liquidity in centralized exchanges.
Newer categories have shown impressive early interest.
tokenized Backed Finance’s stock holdings, which launched in earnest in mid-2025 through platforms like xStocks and Ondo Finance, reached nearly $487 million by the end of the quarter.
Tech-heavy names dominated: Circle-related tokens led with a total of $171 million, followed by Tesla ($62 million), Nvidia ($43 million) and Alphabet ($37 million).
Quarterly spot trade The volume of these stocks reached $15.1 billion in the first quarter of 2026, exceeding the total in the second half of 2025.
Meanwhile, tokenized ETFs, flagship products that track the S&P 500, and silver trusts have risen to $300 million, with capitalization each exceeding $30 million.
Derivatives activities underscored the maturing market. RWA perpetual futures trading volume more than doubled from the previous year, reaching $524.8 billion in the first quarter of 2026, from $313 billion in all of 2025.
Commodities still accounted for the lion’s share of criminal trading, but stocks and ETFs were rapidly gaining ground.
Hyperliquid’s HIP-3 contract captured 28.6 percent of first-quarter volume, increasing open interest RWA It rose to $6.68 billion.
research report The report from CoinGecko attributes this momentum to clearer regulatory frameworks established in 2024-2025, encouraging traditional financial institutions to more actively participate.
In particular, centralized exchanges were made available exclusively. TradFi Strategies to improve accessibility and distribution.
Competition between issuers is now based on compliance with legislation, breadth of assets and uninterrupted integration With both centralized and decentralized platforms.
As Tokenized Treasures, goldstocks and ETFs As it continues to attract capital, the RWA sector is transitioning from a niche experiment to a mainstay of digital asset markets. With record-breaking trade volumes and strengthening corporate lines, CoinGeckodata suggests 2026 could be the year RWAs transition from a seemingly promising trend to an established one infrastructure.
