Tokenized real-world assets (RWAs) posted 13.5% growth over the past 30 days, even as the broader cryptocurrency market shed roughly $1 trillion in value during the same period.
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The divergence highlights a growing separation between institutional-grade tokenized products and the speculative cycles that continue to dominate much of the crypto landscape.
According to a report from CoinTelegraph, the expansion has been driven by increasing activity across Ethereum, Arbitrum, and Solana — three networks that have emerged as primary venues for RWA issuance and trading.
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A Market Moving on Different Fundamentals
While most crypto sectors experienced significant drawdowns tied to macroeconomic uncertainty and shifting risk sentiment, tokenized RWAs — which represent on-chain versions of assets like U.S. Treasuries, private credit, real estate, and commodities — continued to attract capital.
The sector's growth suggests that demand for yield-bearing, asset-backed tokens operates on a different set of fundamentals than speculative token trading.
Ethereum remains the dominant chain for RWA issuance, hosting the majority of tokenized Treasury products from issuers like BlackRock, Franklin Templeton, and Ondo Finance. Arbitrum and Solana have gained ground as lower-cost alternatives, attracting both new issuers and DeFi protocols looking to integrate real-world yield into their ecosystems.
Institutional Momentum Holds
The RWA sector has been one of the most closely watched areas in crypto over the past year, buoyed by participation from traditional finance heavyweights. BlackRock's BUIDL fund, launched on Ethereum in March 2024, quickly became the largest tokenized Treasury product and has continued to expand across multiple chains.
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Franklin Templeton, JPMorgan, and other major institutions have similarly deepened their onchain asset strategies.
The sector's resilience during a broad market selloff lends weight to the argument that tokenized RWAs are attracting a different class of capital — one driven by yield, transparency, and 24/7 settlement rather than price speculation on volatile tokens.
Key Chains Driving Growth
Ethereum — Continues to lead in total RWA value locked, anchored by BlackRock's BUIDL and other institutional products.
Arbitrum — Emerging as a preferred Layer 2 for RWA protocols seeking lower transaction costs while maintaining Ethereum security.
Solana — Gaining traction with faster settlement times and growing DeFi composability for tokenized assets.
What to Watch
The 13.5% growth figure will draw attention from both crypto-native participants and traditional finance observers evaluating onchain infrastructure for asset management. Whether the RWA sector can sustain this trajectory during prolonged market weakness — or whether it eventually correlates back to broader crypto sentiment — remains an open question.
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Regulatory clarity around tokenized securities, particularly in the U.S. and EU, will likely be the next major catalyst for the sector. Upcoming frameworks such as the EU's MiCA regulation and potential SEC guidance on tokenized funds could either accelerate or constrain growth depending on how they treat on-chain asset issuance.
