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The tokenized real-world asset (RWA) market has grown 17.4 times over the past three years, reaching $46.7 billion in September 2026. Ethereum accounts for 49.1% of the market, giving it the largest share among blockchain networks involved in RWA tokenization. The growth comes as more traditional assets are being represented and used on blockchain networks.
Ethereum's position is closely linked to its established decentralized finance (DeFi) ecosystem. Tokenized assets are increasingly being used within DeFi rather than simply issued and held on-chain. This has created more activity around liquidity and secondary-market trading.
Tokenized credit funds and gold remain among the main categories in the RWA market. At the same time, networks such as Solana and Stellar are expanding their presence in the sector. The growing activity shows that RWA tokenization is spreading across multiple blockchain ecosystems.
The market is also moving beyond the initial issuance of tokenized assets. Once issued, these assets can be used in DeFi applications, provide liquidity and trade on secondary markets. This gives tokenized assets a more active role within the broader digital asset ecosystem.
Tokenized stocks are another area gaining traction. According to the source, platforms such as Robinhood and Binance are contributing to the growth of tokenized equity products. The trend brings traditional stocks into blockchain-based markets alongside credit funds, gold and other tokenized assets.
The expansion of different asset categories and blockchain networks is making the RWA sector more diverse. Ethereum remains the largest network in the market, while other blockchains continue to build their own RWA activity. The growing use of tokenized assets in DeFi, liquidity and secondary trading shows that the sector is moving beyond asset issuance toward broader on-chain market activity. 
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RWA Market Grows 17.4x as Ethereum Holds Nearly Half of Tokenized Assets

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