Demand for tokenized real-world assets continued to strengthen over the past month, even as broader cryptocurrency markets experienced sustained selling, highlighting the sector’s durability and its growing institutional role.

According to data from RWA.xyz, the total onchain value of RWAs rose 13.5% over the last 30 days. This growth reflects both increased issuance of tokenized instruments on public blockchains and a rising number of unique wallet addresses holding such assets, suggesting broader participation across the market.

As of Monday, every major blockchain monitored by RWA.xyz showed gains in tokenized asset value. Ethereum led with approximately $1.7 billion in net growth, followed by Arbitrum with $880 million and Solana with $530 million. These figures represent the rise in the total onchain value of tokenized assets issued or circulating across these networks.

Excluding stablecoins, expansion in tokenized securities such as US Treasurys, private credit and other yield-generating instruments accelerated over the same period. Tokenized US Treasurys and government debt remained the dominant category, with more than $10 billion in outstanding onchain products, while tokenized equities and exchange-traded instruments also recorded gains.

Institutional participation and market divergence

Consistent demand for tokenized RWAs points toward deeper institutional engagement, as asset managers increasingly rely on public blockchains to issue and settle tokenized versions of conventional financial instruments.

Tokenized money market funds, for instance, are gradually evolving beyond simple yield-focused vehicles and are beginning to function as collateral within certain trading and lending environments. Major financial institutions, including BlackRock, JPMorgan Chase and Goldman Sachs, have expanded their involvement in this segment.

BlackRock recently made its first formal entry into decentralized finance by bringing its tokenized US Treasury fund, the USD Institutional Digital Liquidity Fund (BUIDL), onto the Uniswap platform.

This expansion contrasts with the broader cryptocurrency market, which has lost roughly $1 trillion in value over the past month, underscoring the relative stability of yield-bearing tokenized assets.

Broader market context

The wider crypto market has remained under pressure since October, with losses intensifying during January, according to CoinGecko data.

Derivatives markets have been a major source of strain, as a large deleveraging episode in October triggered broader weakness across digital assets. Market conditions have not fully stabilized, and overall sentiment remains fragile, even as traditional equity markets continue trading near record levels.

Sources:

https://cointelegraph.com/news/tokenized-rwas-climb-despite-crypto-market-rout

https://www.coingecko.com/en/charts

https://app.rwa.xyz/networks