RWA.xyz — Tokenization State, 2026

Core Thesis

Institutional adoption of blockchain-based tokenized assets is accelerating across every asset class — Treasuries, sovereign/corporate debt, private credit, commodities, funds, stocks, real estate — independent of cryptocurrency price sentiment.

Key Data Points

• Tracks 2,000+ tokenized assets and ~100 stablecoins across major chains.
• Distributed (transferable) asset value: ~$30B; represented asset value: ~$600B (2026).
• Stablecoin market cap: ~$300B across ~300M holder wallets.
• Distributed holder count approaching ~1,000,000 wallets; represented institutional participants approaching ~12,000.
• Issuance "growing across the board," not concentrated.

Entities

Platforms/issuers named: Broadridge, Figure, Securitize, Ondo, Maple, Centrifuge, Superstate, Tether, Paxos, Circle. Investment-token examples (yield-bearing collateral): BlackRock BUIDL, Ondo USDY, Franklin Templeton BENJI.

Source: A Letter to the Believers — Bryan Choe, RWA.xyz, 2026-02-10. Full-text fetched.