TL;DR:
- The distributed value of the RWA market pulled back to $34.67 billion on July 22, 2026, after reaching a peak of $35.20 billion twelve days earlier.
- U.S. sovereign funds represent the largest category in the sector, with $15.86 billion distributed across 85 tracked assets.
- Tokenized equities posted the segment’s highest monthly growth, with a 15.10% increase to reach $1.86 billion.
Tokenized Treasuries experienced a slight deceleration in their expansion rate, standing at $34.67 billion in global distributed value this Wednesday. The figure represents a moderate pullback from the sector’s record set two weeks ago, amid growing corporate competition among Wall Street firms.
The platform rwa.xyz revealed that the global volume of tokenized real-world assets shrank from its previous peak of $35.20 billion reached on July 10. Information from rwa.xyz indicates that this temporary adjustment occurs as the ecosystem diversifies capital inflows into new financial instruments.
Despite the weekly pause, U.S. public debt maintains its sector leadership with $15.86 billion and a 7-day average yield of 3.30%. The report from rwa.xyz notes that this segment encompasses 85 distinct financial products and accumulates 62,846 registered holders on-chain.
Within this category, Circle’s USYC token leads the ranking with a $2.96 billion valuation, although it dipped 1.45% over the last seven days. According to sector metrics, BlackRock’s BUIDL fund holds second place with $2.52 billion after recording a 12.22% weekly contraction.
In contrast to the declines among traditional leaders, JPMorgan’s JLTXX money market fund reported the fastest growth in the category. Data from rwa.xyz reveals that this institutional vehicle expanded by 87.23% over the last 30 days to reach $809.7 million.
Distribution by blockchain networks and equity acceleration
The distribution of capital in government bonds shows a marked concentration on the Ethereum network, with $7.10 billion backed. Technical records from rwa.xyz show that BNB Chain holds second place with $4.70 billion, followed by Stellar with $1.20 billion and Solana with $997.2 million.
The market for sovereign debt issued outside the United States reached $1.41 billion in distributed value after growing 6.90% monthly. Industry data suggests that Spiko’s EUTBL fund leads this international division, with $1.02 billion distributed among 9,908 holders.
Tokenized stocks and ETFs showed the fastest adoption pace across the entire industry over the past month. According to the report from rwa.xyz, this segment grew 15.10% in 30 days to reach $1.86 billion in distributed value across 671,490 total holders.
Figure’s FGRS product leads tokenized stocks with $211.2 million, followed by Securitize’s SECZ token with $162.6 million. According to the market breakdown, monthly transfer volume in this category rose to $8 billion.
For their part, commodity-backed assets total $4.48 billion in distributed value, led by Tether Gold (XAUT) and Paxos Gold (PAXG) tokens. Report figures confirm that monthly volume transferred in commodities dropped 49.23% to $3.27 billion.
Tokenized credit maintains the highest represented value in the ecosystem at $35.75 billion, driven by Figure’s HELOC token on the Provenance network. The rwa.xyz platform will update operational metrics for these instruments at the close of the next quarterly institutional reporting window.
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