Elliptic, CoinGecko Tackle RWA Pricing for Tokenized Assets
Elliptic and CoinGecko partner to address pricing for the $13.5B tokenized real-world asset sector, aiming to tighten spreads and provide defensible marks for institutional traders.
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Elliptic, the blockchain analytics firm, and CoinGecko, the crypto data aggregator, have partnered to improve pricing data for tokenized real-world assets.
Tokenized assets – versions of instruments like US Treasury bonds or commercial real estate that trade on blockchains – do not price like Bitcoin. They lack deep, liquid exchange listings, making reliable marks hard to find.
The RWA sector reached $13.5 billion by end-2024 and is projected to grow into the trillions by 2030, the firms said. That growth depends on defensible valuations.
CoinGecko already tracks thousands of tokens and provides pricing analytics to millions of users. Elliptic reviews more than one billion transactions weekly across 30 countries, serving 700 institutional customers. The company closed a $120 million Series D on May 12, 2026, led by One Peak, at a $670 million valuation. Nasdaq Ventures and Deutsche Bank joined the round.
For traders, better pricing data tightens spreads and reduces the chance that an asset's listed price is stale or based on manipulated pools. Portfolio managers need marks that auditors and risk teams can defend. The partnership addresses that directly.
The collaboration is one piece of a larger push to bring institutional-grade infrastructure to tokenized markets. Regulators like the SEC have started drafting rules for token issuance and custody; better pricing data supports those efforts.
Elliptic's customer base includes some of the largest banks and custodians, making the data output likely to feed directly into institutional trading desks.
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