RWA Foundation Tracks 10,322 Tokenized Assets, Stablecoins Dominate Market

The RWA Foundation has released its latest report on the tokenization market, tracking over 10,322 real-world assets that exist on a blockchain. The report, published in collaboration with analytics firm Token Terminal, provides insights into the growth of tokenized assets and their market dynamics.

Stablecoins continue to dominate the market, with a market cap of approximately $301.4 billion across 193 assets as of September 30, 2026. Among individual tokens, USDe has shown significant growth.

Avalanche has taken the lead in the chain race, adding $173 million in RWA market cap over a 30-day window. Arbitrum and Stellar followed closely behind.

The Foundation has also expanded its coverage to include onchain perpetual futures linked to RWAs, in partnership with analytics platforms such as DefiLlama. Perpetual futures, or perps, have seen 30-day trading volume of about $117 billion as of early September 2026.