RWAs Surge Past $46B Mark Led by US T-Bills

The tokenized real-world asset (RWA) market has surpassed $46.2 billion in onchain value, driven largely by US Treasury bills at approximately $15 billion.

This development indicates that government debt, often considered a boring asset class, is now the single biggest driver of one of crypto's fastest-growing sectors.

The top five assets account for around 70% of the total RWA market.

Ethereum remains the dominant chain for tokenized RWAs, holding roughly $17.3 billion in distributed value.

Stellar has climbed to third place among blockchains by RWA market capitalization, now hosting around $3.3 billion in tokenized assets. This figure grew by $149.4 million in just 30 days.