Tokenized RWA Market Tops $43B, According to Token Terminal

Crypto Insight Summary: Tokenized financial assets have surged 37% in six months as institutions expand blockchain adoption and the market broadens beyond funds and private credit, according to Token Terminal.  The market for tokenized real-world assets (RWAs) continues to expand despite broader weakness in crypto markets, with the value of onchain financial assets climbing sharply over the past six months as traditional financial products migrate onto blockchain rails. According to Token Terminal, tokenized assets now exceed $43 billion in market value, up roughly 37% over the past 180 days. The figures exceed those reported by other industry trackers, most notably RWA.xyz, which values the combined RWA market at less than $33 billion. Tokenized funds dominate the sector, accounting for nearly 80% of total market capitalization. Commodities rank a distant second at 16.6%, followed by tokenized stocks at 3.8%. _Source:_[_Token Terminal_](https://x.com/tokenterminal/status/2066593617892790394/photo/1) Ethereum remains the leading blockchain for tokenized assets, hosting 57.8% of total value. BNB Chain accounts for 8.5%, followed by zkSync Era (7.5%), XRP Ledger (5.8%) and Stellar (5.4%), reflecting the sector’s gradual expansion beyond Ethereum. Sky is the largest issuer with $6.1 billion in tokenized assets, followed by Securitize and Ondo Finance at $3.6 billion each, according to Token Terminal. Earlier this week, [Standard Chartered initiated coverage of Uniswap](https://cointelegraph.com/news/tokenization-push-defi-assets-trillion-2030-standard-chartered), arguing that the decentralized exchange’s UNI token could appreciate 40-fold by 2030 as tokenized assets increasingly migrate onchain. Crypto Insight Analysis: Direction: Bullish ETH / Bullish BNB / Bullish UNI Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Tokenized RWA growth drives demand for Ethereum, BNB Chain, and DeFi platforms like Uniswap.