Tokenized real-world assets on Ethereum have blown past $17 billion — a 315% jump from roughly $4.1 billion just twelve months ago. The network now controls around 34% of the total on-chain RWA market, cementing its status as the dominant settlement layer for institutional tokenized finance.
The broader non-stablecoin RWA market sits at $24.92 billion as of February 17, 2026, up 13.86% over the past 30 days, according to on-chain data. Transfer volumes have doubled to $26 billion in the same period, pushing RWAs to fourth place among DeFi categories by total value locked at $21.5 billion.
BlackRock, JPMorgan Lead the Institutional Rush
According to BSCNews on X, "Ethereum's tokenized real-world asset (RWA) value has blown past $17 billion, a 315% jump from roughly $4.1 billion a year ago."
BlackRock's BUIDL fund — a tokenized U.S. Treasury product launched through Securitize in 2024 — has grown to $2.2 billion, making it the largest tokenized fund on any public blockchain. In early February 2026, BlackRock enabled direct on-chain trading through UniswapX, a move that marks one of the clearest bridges between institutional capital and decentralized finance to date.
JPMorgan seeded its first tokenized money-market fund on Ethereum with $100 million in December 2025, targeting qualified investors. Wintermute followed in February 2026, launching institutional trading for tokenized gold and predicting the tokenized commodities segment alone could reach $15 billion this year.
Commodities already contribute over $5 billion to Ethereum's RWA footprint. Tokenized gold products XAUT ($2.53 billion) and PAXG ($2.24 billion) dominate that segment. On the Treasuries side, USYC ($1.7 billion) and USDY ($1.3 billion) are the standout products.
How Ethereum Compares to Other Chains
The gap between Ethereum and every other chain remains wide. BNB Chain sits second at $2.3 billion (9.13% market share), followed by Solana at $1.7 billion (6.82%). Solana's 42.19% monthly growth rate is notable, though its absolute figures remain a fraction of Ethereum's total.
Ethereum's own 30-day RWA growth came in at 13.40%, and BlackRock's 2026 thematic outlook estimates the network holds over 65% of tokenized assets when measured by issuance value. RWA.xyz data places Ethereum at 58.43% of the non-stablecoin market with $14.7 billion.
The asset holder count across all RWA protocols now stands at 849,869 — up 33.95% in a single month.
Where the RWA Market Is Heading
Standard Chartered projects tokenized RWAs could reach $2 trillion by 2028, with the vast majority issued on Ethereum. ARK Invest pushes that timeline further, forecasting $11 trillion in tokenized assets by 2030.
The projections align with what's already playing out on-chain. Stablecoins on Ethereum mainnet have climbed above $175 billion in aggregate market cap, adding to the network's weight as the primary dollar-denominated settlement layer. Regulatory clarity remains a work in progress, and Layer 2 solutions continue easing scalability pressure, but the direction of institutional capital is clear: Ethereum is the default infrastructure for tokenized finance.
Key Takeaways:
Ethereum's tokenized RWA value hit $17B, up 315% YoY, securing 34% of the total on-chain RWA market.
BlackRock's BUIDL fund reached $2.2B; JPMorgan launched a $100M tokenized money-market fund on Ethereum.
Standard Chartered projects tokenized RWAs could reach $2 trillion by 2028, majority on Ethereum.
This Article First Appeared on: https://www.cryptonewslive.org/article/ethereum-grabs-34-of-rwa-market-after-315-surge