Public equities account for more than 70% of RWA's active market cap

Tokenized real-world assets continue to take shape as a distinct asset class, with public equities now representing the dominant slice — more than 70% of RWA's active market capitalization. The figure underscores how on-chain exposure to traditional equity markets has outpaced other RWA verticals such as private credit, treasuries, and commodities in terms of active deployment.

The concentration in public equities reflects both the relative liquidity of the underlying assets and growing investor appetite for blockchain-native access to familiar instruments. Whether that share holds as private credit and tokenized fund products scale remains an open question for the sector.