RWA adoption is starting with the asset class institutions understand best: US Treasuries.
That matters because tokenization scales through trust, liquidity, and real market demand.
Treasuries are the entry point. The broader capital markets are the opportunity.
Tokenize global finance with OpenEden.
Tokenized “real-world” assets (RWAs) have surged 10x in two years, now topping $30B — with nearly half held in U.S. Treasury debt.
The growth reflects rising institutional demand to put traditional financial instruments onchain, from government bonds and commodities to equities and private credit. While U.S. Treasuries dominate today, the asset class is broadening, with more categories gaining meaningful share in recent quarters.
Note: RWAs are traditional financial instruments such as government bonds, commodities, and equities that are represented onchain as tokens.