Crypto▲ Bullish
Tokenized assets market surges to $7.5B, tripling in a year
Tokenized assets hit $7.5B, triple the $2.7B from a year ago, led by Tether Gold and Pax Gold. Diversification into treasuries and real estate is underway, but concentration risk remains.
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The tokenized assets market hit $7.5 billion in July 2026, according to data from CryptoRank. That is roughly triple the $2 billion to $2.7 billion range it occupied a year earlier. The growth has been driven almost entirely by gold-backed tokens, which crossed $6 billion in market cap by February 2026.
Two tokens dominate that category. Tether Gold (XAUT) and Pax Gold (PAXG) together account for the bulk of the precious-metals segment. Other tokens like PRIME, KAU, and KAG hold smaller positions. Investors seeking gold exposure without vault storage or ETF settlement times have found on-chain alternatives appealing, especially as gold prices climbed.
By June 2026, the near-total dominance of precious metals began to ease. Tokenized US Treasuries, real estate fractions, and commodity baskets beyond gold and silver started to attract capital. The broader real-world asset (RWA) category, which includes those products, is estimated at $20 billion to $60 billion depending on the methodology, per CryptoRank and other trackers.