Tokenized Assets Surge Amid Market Shift Toward Yield and Collateral

RWA trading is surging in 2026, driven by tokenized products moving beyond issuance toward active market use. According to a report from CoinShares and Token Terminal, RWA spot trading volumes rose about 220% between Q2 2025 and Q2 2026.

This growth contrasts with decentralized exchange spot volumes, which fell roughly 70%. The divergence highlights tokenized assets gaining traction despite weaker crypto trading. It also reflects a market increasingly built around yield, collateral, and continuous access.

RWA deposits across lending platforms and decentralized exchanges climbed from $2.3 billion to $7.4 billion during the same period. This increase in demand is largely driven by tokenized Treasury and multi-strategy products, including JTRSY, BlackRock's BUIDL, and sUSDS.