The total value of tokenized real assets (Real World Assets, RWA) distributed in blockchain networks exceeded $39 billion at the beginning of November 2026 , according to data from the analytical platform RWA.xyz as of 4 November.
According to the platform, the value of such assets has increased by approximately 1% over the past 30 days, while the number of addresses of owners of tokenized instruments exceeded 5.5 million.
This category includes tokenized government bonds, investment funds, corporate debt instruments, gold, certain types of real estate, and other traditional financial assets, the rights to which are represented by digital tokens.
One of the largest segments of the market remains tokenized US Treasury securities and funds that invest in American government debt.
As of 3-4 November, the value of distributed tokenized Treasury instruments was approximately $14.2 billion.
According to RWA.xyz, this segment includes about 120 financial instruments with a total number of more than 85 thousand owner addresses.
Among the largest platforms by the volume of corresponding assets are Ondo with a figure of about $3.1 billion, Franklin Templeton Benji Investments with $2.9-3 billion, Circle with $2.2 billion, and Securitize with $2.1 billion.
Interest in tokenized government bonds is explained by the possibility of combining traditional instruments for obtaining interest income with the technological advantages of blockchain.
In particular, tokenization allows for the automation of some operations, simplification of asset rights accounting, and the use of digital instruments in settlements between participants in the financial market.
At the same time, tokenized bonds are not an analog of ordinary cryptocurrencies, since their value is backed by traditional financial obligations and assets, and the rights of investors depend on the terms of the specific product.
The presence of a token does not guarantee the possibility of its free sale at any time. Liquidity depends on the trading infrastructure, the number of market participants, redemption rules, and regulatory restrictions.
The indicators of RWA.xyz distinguish assets directly distributed among owners in blockchain networks and assets merely represented by digital records. These categories should not be mechanically summed up, as they reflect different methods of tokenization.
Separately, the platform takes into account stablecoins, the total volume of which was estimated at approximately $285 billion at the beginning of November.
The tokenization of real assets is gradually transforming into an independent direction of the financial industry, where banks, management companies, financial technology platforms, and blockchain developers interact.
