Tokenized Assets Hit $38B: Ondo Leads Market Share

The tokenized real-world asset market has reached a significant milestone, surpassing $38.14 billion in distributed value as of August 10, 2026, according to analytics platform RWA.xyz.

Ondo Finance is leading the charge, holding approximately 8% of the overall market share with its total platform AUM at around $3.43 billion.

The firm's USDY product accounts for a significant portion of that figure, making it one of the largest tokenized yield products on the market.

Ondo also dominates in tokenized equities, commanding between 58% and 70% of that specific segment.

Circle is another major player, with its USYC tokenized Treasury product accumulating nearly $3 billion in AUM.