Tokenized real-world asset categories shown across institutional market dashboards

Tokenized Real-World Assets More Than Tripled in 15 Months, CoinGecko Report Shows

By Isaac • May 3, 2026 1:33 pm • Comments

Tokenized real-world assets grew 256.7% in fifteen months. CoinGecko’s freshly published 2026 RWA Report puts the market at $19.32 billion as of March 31, 2026, up from $5.42 billion at the start of 2025.

That $13.90 billion jump is real capital flowing into on-chain treasuries, commodities, stocks, and derivatives. The sector still looks small next to stablecoins, representing 6.4% of stablecoin market size, but that ratio has more than doubled from 2.7% fifteen months earlier.

The report landed April 30 and immediately drew attention across crypto and TradFi circles.

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CoinGecko laid out the market expansion across multiple RWA categories in its report:

CoinGecko shows tokenized real-world assets growing from $5.42 billion at the start of 2025 to $19.32 billion as of March 31, 2026, a $13.90 billion increase equal to 256.7% growth. Tokenized RWAs reached 6.4% of stablecoin market size, up from 2.7% at the start of 2025. Treasuries stayed dominant, expanding from $3.99 billion to $12.99 billion while holding a 67.2% share. Commodities grew faster by percentage, rising 289.1% from $1.43 billion to $5.55 billion and taking a 28.7% share. Tokenized stocks scaled from $2.09 million on June 30, 2025 to $486.69 million by March 31, 2026. Tokenized stocks generated $15.12 billion in Q1 2026 spot volume, topping the final two quarters of 2025 combined, while RWA perpetuals posted $524.79 billion in Q1 volume and $6.68 billion of daily open interest on March 31.

Going from roughly $2 million to nearly $487 million in nine months gives protocols already building in the space a much stronger market story.

Commodities were the second-biggest category by absolute dollar growth. Gold, oil, and agricultural products tokenized on-chain picked up $4.12 billion in market cap during the period, almost tripling the starting base. For traders and institutions accustomed to commodity futures, having a 24/7 on-chain version with transparent settlement is a straightforward improvement over legacy rails.

RWA perpetuals tell a parallel story on the derivatives side. A Q1 volume of $524.79 billion, with daily open interest touching $6.68 billion, shows that traders want leveraged exposure to real-world asset prices on decentralized venues. That volume figure alone exceeded all of 2025 by a wide margin.

Context matters here. At $19.32 billion, the entire tokenized RWA market is still a rounding error compared to global bond, equity, and commodity markets. Stablecoins dwarf the category by roughly 15 to 1. Infrastructure gaps, regulatory uncertainty, and liquidity fragmentation across chains are real constraints that will slow adoption for years.

Still, the trajectory is hard to dismiss. Every major sub-category in CoinGecko’s report, treasuries, commodities, stocks, and perps, posted triple-digit growth or better. The asset class is graduating from conference-panel buzzword to measurable on-chain market, and the pace is accelerating.

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