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Ethereum in the Driving Seat as On-Chain RWA Tokenization Nears Peak Levels

2025-08-07 12:29:52

Ethereum in the Driving Seat as On-Chain RWA Tokenization Nears Peak Levels

Main Idea

The value of real-world assets (RWA) tokenized on blockchain has reached an all-time high, with Ethereum dominating the market, particularly in private credit and US treasury debt segments.

Key Points

1. The onchain value of RWA has surged to $25.46 billion (excluding stablecoins), with stablecoins included, the total jumps to $283 billion.

2. Private credit is the largest segment of tokenized RWA at $15 billion, followed by US treasury debt at $6.7 billion, and commodities at $1.8 billion.

3. 73% of US Treasurys and 54% of stablecoins are tokenized on Ethereum, which dominates the RWA market.

4. Tokenized stocks represent only 1.4% of the total onchain RWA value.

5. BlackRock’s Ethereum-based USD Institutional Digital Liquidity Fund (BUIDL) is the largest RWA fund with $2.3 billion in assets.

6. Ethereum's dominance in RWA has led to strategic ETH reserves exceeding 3 million ETH, with significant institutional buying.

Description

“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday. The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion. More recent data from RWA.xyz reveals that it is currently at $25.46 billion, which is close to record highs. When stablecoins are included, that figure jumps to $283 billion, which is ...

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