Treasury funds account for about 37% of the $39.3 billion tokenized real-world asset market, making them the largest segment. Tokenized commodities have grown 2.6x this year to around $8 billion, while RWA perpetual volume more than doubled in Q3 2026.
Why it matters
The market is broadening beyond treasury products. Commodity growth points to rising demand for onchain exposure to non-financial assets, while the expansion in perpetual volume shows that tokenized markets are developing active trading venues alongside buy-and-hold products.
Market impact
Stocks show the clearest gap between ownership value and trading activity. They represent 8% of tokenized asset value but generate 93% of onchain spot volume, making equities the most actively traded segment despite their smaller share of the market.
The figures point to a market with distinct use cases: treasuries dominate asset value, commodities are expanding quickly, and stocks concentrate spot trading activity.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJXMmrXgvCp1FpbOdEciuynZIMqJ4LoAAK5ImsbYtDASvcDG8QH5LGMAQADAgADeQADPQQ?sig=rmdNjkx2NhyXnEi1du-n_76djdOP5KRZtUnw4yuTxFs)
Frequently asked questions
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How large is the tokenized real-world asset market?
The tokenized real-world asset market has grown to $39.3 billion.
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Which segment holds the largest share of tokenized RWA value?
Treasury funds are the largest segment, accounting for about 37% of the market.
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How quickly have tokenized commodities grown?
Tokenized commodities grew 2.6x this year to around $8 billion.
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What happened to RWA perpetual volume in Q3 2026?
RWA perpetual volume more than doubled in Q3 2026.
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Why are stocks important in tokenized markets?
Stocks represent 8% of tokenized asset value but generate 93% of onchain spot volume, making them the most actively traded segment.
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