Tokenized traditional assets top $35B, tripling from a year earlier

The value of on-chain tokenized traditional assets excluding stablecoins had surpassed $35 billion as of Sept. 7, roughly tripling from a year earlier, crypto market analysis channel Unfolded reported, citing real-world asset tokenization data platform RWA.xyz. Unfolded added that U.S. Treasury bonds have led growth in the tokenized traditional asset market and that the pace of expansion accelerated after mid-2025.