Tokenized RWA market hits $46.3B as US Treasuries lose majority share
- —Tokenized US T-bills stand at $13.3B, under a third of the RWA market
- —Yield strategies total $11.6B, credit funds add $5.7B
- —Estimates diverge: rwa.xyz puts the market at $38–39B versus Token Terminal's $46.3B
- —Ethereum remains the leading platform for tokenized RWAs
Why it matters: The shift away from Treasuries toward yield and credit products shows RWA expanding beyond cash parking, but multi-billion-dollar gaps between trackers underscore the need for standardized metrics.
Source: Crypto Briefing