RWA tokenization has been established on a number of chains, with some networks already specializing to hold particular belongings and supply liquidity infrastructure.
RWA tokenization is evolving as some tasks specialize and focus on chosen chains. At present, tokenized belongings are a multi-chain phenomenon, spanning a number of ecosystems.
Primarily based on the variety of holders, Ethereum is the chief in adoption, primarily based on tokenized commodities. Ethereum is the chief as a result of rising curiosity in XAUt, the tokenized gold providing by Tether.
Solana has been established because the venue for tokenized shares, primarily based on the success of XStocks. ONDO additionally stays a tokenization hub, although with a decrease variety of house owners. Many of the tokens are held on the three main public chains, Ethereum, Solana, and BNB Chain.
RWA holder depend by sector & chain
Tl;dr: RWAs are a multichain phenomenon
A chart to comply with 👇 pic.twitter.com/8x851UAoVh
— Token Terminal 📊 (@tokenterminal) March 4, 2026
The distribution of holders stresses the significance of liquidity and quick access to infrastructure for RWA to take off. At present, there are chains with a a lot increased asset depend, however a lot decrease adoption.
All chains confirmed development within the worth of tokenized belongings, as a consequence of appreciation or further token minting. | Supply: RWA.xyz
Whereas Canton is a frontrunner in uncooked tokenization, some belongings are extra actively traded and extra distinguished on social media. The supply of partnerships with liquidity hubs like Morpho has made some tokenized belongings extra usable for lending.
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Regardless of this, previously month, most tokenization venues noticed elevated worth locked, primarily based on newly minted tokens and appreciating asset costs.
RWA tokenization units new data
RWA tokenization has not slowed its inflows, regardless of the general low sentiment in crypto markets. Tokenized commodities are seen as an alternative choice to riskier altcoins or tokens.
Tokenized US Treasury debt continues to be the main asset class, transferring nearer to $11B in worth locked. Tokenized commodities and personal credit score retain their quick development fee. In whole, the RWA market has grown to $336.76B, of which public fairness continues to be at $1.3B.
Area of interest asset lessons like actual property, expertise, and luxurious items are nonetheless the smallest supply of inflows. Regardless of this, actual property stays one of many rising use circumstances for native tasks.
Hong Kong approves actual property tokenization
Actual property tokenization has been tried a number of instances within the early crypto days, whereas ready on shifting laws. Hong Kong is altering the usual with the current tokenization of actual property by DL Holdings.
📢 Hong Kong’s first business actual property RWA authorized
On Feb 26, 2026, DL Holdings (https://t.co/F2PHhSpjmj) introduced that the SFC authorized two RWA tokenization initiatives:
DL Tower (Central, Hong Kong)⁰Animoca Manufacturers LPF🔗 https://t.co/tsZX4YKSE9#RWA #Tokenization pic.twitter.com/kt3YA1bIup
— DL Holdings (@dl_holding16552) March 4, 2026
The holding will tokenize $40M of its inventory, thus giving oblique publicity to its portfolio of luxurious actual property.
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The Hong Kong SFC gave approval to the enterprise plans, although with no additional feedback on the viability of tokenization or the funding’s safety. DL Holdings is already compliant with its itemizing necessities, making tokenization an exterior issue outdoors the scrutiny of the SFC.
