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Tokenised real-world assets have climbed past $21 billion in total value locked during the opening weeks of 2026, according to data from rwa.xyz.
Figures showed the sector grew about 5% from $20.33 billion to roughly $21.35 billion at the start of the year.
Analysts said the growth reflects rising interest in tokenising traditional assets such as bonds, commodities and funds.
The number of RWA holders rose to about 636,898, marking an increase of nearly 9% over the past 30 days.
Ethereum accounted for the largest share of RWA value at approximately $12.8 billion locked on its network.
BNB Chain followed with around $2 billion, while Solana and the Liquid Network each held close to $1.1 billion.
Stellar rounded out the top networks with roughly $1 billion in tokenised asset value.
US Treasury debt dominated the sector with about $9.05 billion in tokenised value.
Commodities ranked second at $3.77 billion, followed by private credit at $2.44 billion.
Institutional alternative funds held roughly $2.19 billion, while corporate bonds accounted for $1.15 billion.
Public equities and non-US government debt were valued at approximately $867 million and $817 million respectively.
The sector has added more than $2.1 billion since mid-November 2025 after a brief pullback late last year.
Market observers said the rebound suggests tokenisation is moving beyond a niche use case and into broader adoption.
At the time of reporting, Ethereum price was $3,189.81.