The market value of tokenized real-world assets (RWA) is projected to reach $19.32 billion by March 31, 2026, according to a report by CoinGecko. This marks a 256.7% increase from the $5.42 billion recorded at the beginning of 2025. According to ChainCatcher, tokenized U.S. Treasury bonds remain the largest category, exceeding $10 billion in value. Additionally, tokenized commodities have grown to $5.55 billion, driven primarily by gold-backed tokens such as XAUT and PAXG.
The report also highlights that in the first quarter of 2026, the trading volume of tokenized gold spot reached $90.7 billion, while tokenized stock spot trading volume hit $15.1 billion, both surpassing the levels of the corresponding period in 2025. During the same timeframe, the total trading volume of RWA perpetual contracts rose to $524.8 billion.