Ethereum’s tokenized real-world asset (RWA) market has surpassed $17 billion on its mainnet, rising more than 300% year over year and confirming its lead as the primary blockchain for tokenized finance. The network now represents roughly one-third of total onchain RWA value, while Ethereum-based stablecoins exceed $175 billion in market cap.

Growth is being driven by major institutions such as BlackRock and JPMorgan, which are launching tokenized Treasury and money-market products onchain. BlackRock’s BUIDL fund has become the largest tokenized money-market vehicle and recently expanded to direct onchain trading through DeFi infrastructure.

Momentum is also spreading beyond Treasuries into tokenized commodities, including gold, with institutional trading firms entering the segment. Large banks and investment firms project the tokenized asset market could grow into the multi-trillion-dollar range over the next decade, with Ethereum expected to capture the majority of issuance.