Tokenized RWA TVL hit $38.17B with 1.7M holders, up 56% in a month. U.S. Treasuries lead at $16.2B. Coinbase plans tokenized stocks. $40B in sight.
Tokenized real-world assets reached $38.17 billion in total value locked as of Aug. 9, per data from rwa.xyz. The sector crossed $38 billion on Aug. 6 and has since added roughly $170 million. Total holders jumped 56.18% in the past month to 1,701,650 people.
U.S. Treasury debt leads the market with $16.21 billion in TVL across 87 products and 63,010 holders. Circle's USYC fund holds $3 billion, the largest single position. Blackrock's BUIDL fund follows at $2.68 billion, Ondo's U.S. Dollar Yield fund at $2.14 billion, and Franklin Templeton's iBENJI at $1.72 billion. The gap between Circle and Blackrock is roughly $320 million – close enough that the rankings could shift week to week.
Tokenized credit distributed value rose 1.63% to $7.30 billion, with represented value at $36.77 billion. The segment now counts 2,543 assets and 191,745 holders. Syrup USDC leads the category.
Tokenized commodities distributed value hit $4.88 billion, up 4.07%. Monthly transfer volume rose 6.76% to $4.95 billion. Active addresses surged 124.42% to 84,505. Tether Gold leads the category.
Tokenized stocks showed mixed signals. Distributed value climbed 5.10% to $2.37 billion, and monthly transfer volume jumped 138.45% to $20.72 billion. But monthly active addresses fell 16.36% to 355,222, while total holders more than doubled, rising 117.93% to 1.09 million. The data suggests a smaller group of larger participants is driving most trading activity, even as retail interest measured by holder counts keeps growing.
Coinbase said it plans to introduce 1:1-backed tokenized U.S. stocks on its platform with automatic dividends. No launch date was given.
Bybit Adds Meta, Tesla xStocks as Tokenized Equities Hit $1.48B
Tokenized non-U.S. government debt dropped 7.78% over the last 30 days to $1.28 billion. The segment covers 24 assets and 10,111 holders. Spiko's EU T-Bill fund holds the largest share within that category.
The sector needs less than a 5% gain to cross $40 billion. At the current pace of holder growth, that milestone appears within reach.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.