Tokenised real-world assets reach $38B

• The tokenised real-world asset market has reached US$38 billion, led by US Treasury-backed assets.
• Treasury debt accounts for US$7.8 billion, while private credit remains the largest asset category.
• The report said financial firms continue bringing traditional assets onto blockchain networks.

The tokenised real-world asset market has reached about US$38 billion, according to a new industry report.

The report said tokenised US Treasury debt totals about US$7.8 billion, making it the largest tokenised financial asset category.

Private credit remains the largest tokenised asset sector overall, with about US$14.9 billion in value.

The report said demand has grown as investors seek blockchain-based access to government debt and private lending products.

Tokenised Treasury products have expanded over the past year as asset managers and digital asset firms issued blockchain-based versions of government securities.

The report said institutional participation has increased as financial firms use blockchain networks for settlement and asset transfers.

The report said tokenised commodities, equities, and real estate have also grown, although they remain smaller than private credit and Treasury debt.