Real-world asset tokenization has moved from an idea to real use. Since early 2026, tokens on blockchains now show clear claims on assets like bonds, stocks, funds, or goods. Tokens now run live markets. Each token shows a share of ownership. Big firms such as BlackRock and Circle run platforms on Ethereum. Many blockchains join in, with Ethereum holding the largest share.
Key facts:
- Tokenization turns claims on assets like Treasury funds or pre-IPO companies into blockchain tokens. Every token shows a share of the asset, and trading happens at any hour.
- BlackRock’s Ethereum-based BUIDL fund started in March 2024. In weeks, it grew to handle about $2.4 billion in assets by 2026.
- Circle’s USYC product runs US Treasury tokens on-chain with assets close to $3 billion.
- Tokenized equities jumped roughly 2,878% to near $963 million by January 2026. XStocks and Ondo Global Markets run the main platforms.
- Ethereum holds about 50% of tokenized real-world assets. Their total value reaches $16.6 billion, while BNB Chain grew to about $4 billion.
- New uses include tokens as collateral for Pokémon cards and tokens that represent computer strength for AI center funding.
Why it matters:
Tokenization breaks a large asset into small parts. This approach lets more buyers own a piece and trade fast. It ties classic assets with a DeFi setting and forms new money ideas. Bank support and clear rules like the GENIUS Act for US stablecoins drive wider use. This shift can change global money markets to run faster, be clear, and include more people.
Background:
Token work began with stablecoins in the mid-2010s. In 2023, the European Investment Bank and Hong Kong Monetary Authority started using bonds this way. BlackRock mentioned token work in its 2025 and 2026 Chairman’s Letters. This shows firm trust in the token method. Growth came with more liquidity in Treasuries, equities, private credits, and goods across chains. Platforms like Hyperliquid now create on-chain markets for private firms. This change now moves past early tests to become a key part of the digital asset field.
