Statistics · 2026 · Crypto
Real-World Asset Tokenization Statistics (2026)
Tokenized real-world assets are worth $79.3B in CoinGecko’s Real World Assets category as of October 2, 2026, or 2.7% of the $2.90T crypto market. Its narrower Tokenized Treasuries category holds $9.4B, about $2.96 for every $10,000 of marketable U.S. Treasury debt outstanding (WealthyBud calculation; CoinGecko Oct 2 vs Treasury Aug 31, 2026). Tokenized gold adds $5.9B.
Key takeaways
- CoinGecko’s Real World Assets category is worth $79.3B, or 2.7% of total crypto market value.
- Figure Heloc alone is 33.0% of the 50 largest tokens in CoinGecko’s category, so it carries much of the category total.
- Tokenized Treasuries total $9.4B, which is 0.030% of the $31.83T of marketable Treasury debt outstanding (WealthyBud calculation; CoinGecko Oct 2 vs Treasury Aug 31, 2026).
- Leading Treasury tokens such as USYC and USDY accrue yield to holders, so they are fund products or notes and not stablecoins.
How big is the tokenized real-world asset market?
CoinGecko values its Real World Assets category at $79.3B as of October 2, 2026, which is 2.7% of the $2.90T crypto market. RWA.xyz, which uses a different definition, shows $38.6B of distributed assets on October 2, 2026. The two figures use different definitions.
1. CoinGecko Real World Assets category: $79.3B
The category moved +0.63% in 24 hours (WealthyBud data · CoinGecko, October 2, 2026). CoinGecko lists 50 coins for it, summing to $74.2B, 6.5% below the category total, so shares of the list use that 50-coin sum as the base.
2. RWA.xyz: $38.6B distributed, $446.3B represented
The RWA.xyz overview (retrieved October 2, 2026) shows “Distributed Asset Value $38.61B” and “Represented Asset Value $446.28B.” Per its methodology, distributed assets can be “moved to wallets outside the issuing platform and transferred between wallets.” Represented assets cannot. CoinGecko’s category follows different rules.
Which tokenized assets are the largest?
Figure Heloc is the largest token in CoinGecko’s category at $24.5B, followed by Chainlink at $10.6B and Stellar at $7.8B. The top three hold 57.7% of the 50 largest tokens, and only 12 tokens on the list top $1 billion.
3. Figure Heloc: $24.5B, 33.0% of the top 50
CoinGecko ranks it #9 among all cryptocurrencies, at $1.044 per token (WealthyBud data · CoinGecko, October 2, 2026). It is the largest coin in CoinGecko’s Tokenized Private Credit category (100.0% of that category’s $24.5B).
4. The top 3 hold 57.7% and the top 10 hold 82.3%
Figure Heloc, Chainlink and Stellar add up to $42.8B of the list’s $74.2B. The other 49 tokens hold $49.7B without Figure Heloc (WealthyBud data · CoinGecko, October 2, 2026).
5. Only 12 tokens top $1 billion and 47 top $100 million
The smallest, Apollo Diversified Credit Securitize Fund, is $95.2M (WealthyBud data · CoinGecko, October 2, 2026).
6. Treasury and gold tokens are $12.1B of the top 10’s $61.0B
By CoinGecko sub-category, the top 10 split into Tokenized private credit $24.5B; RWA protocol token $13.1B; No sub-category shown $11.4B; Tokenized Treasury or money fund product $7.0B; Tokenized gold $5.2B. Types come from CoinGecko’s top-three sub-category lists (WealthyBud data · CoinGecko, October 2, 2026).
| Token | Type (CoinGecko sub-category) | Market cap | Share of top 50 |
|---|---|---|---|
| Figure Heloc (FIGR_HELOC) | Tokenized private credit | $24.5B | 33.0% |
| Chainlink | RWA protocol token | $10.6B | 14.3% |
| Stellar (XLM) | No sub-category shown | $7.8B | 10.5% |
| Quant (QNT) | No sub-category shown | $3.6B | 4.9% |
| Tether Gold (XAUT) | Tokenized gold | $3.4B | 4.5% |
| Ondo | RWA protocol token | $2.5B | 3.3% |
| Circle USYC | Tokenized Treasury or money fund product | $2.4B | 3.2% |
| Ondo US Dollar Yield (USDY) | Tokenized Treasury or money fund product | $2.3B | 3.1% |
| BlackRock USD Institutional Digital Liquidity Fund (BUIDL) | Tokenized Treasury or money fund product | $2.3B | 3.1% |
| PAX Gold (PAXG) | Tokenized gold | $1.8B | 2.4% |
“No sub-category shown” means the token is outside CoinGecko’s stored top-three sub-category lists, not that it has no sub-category. Tether Gold and PAX Gold values here come from the Real World Assets list and differ slightly from the Tokenized Gold records used below.
Track the top cryptocurrencies by market cap
How much U.S. Treasury debt is tokenized?
CoinGecko’s Tokenized Treasuries category is worth $9.4B as of October 2, 2026, and its Tokenized Money Market Fund category holds $3.2B. The categories overlap, so they do not add. Issuer pages describe USYC as a fund share and USDY as a note, so neither is a stablecoin.
7. Tokenized Treasuries: $9.4B
The category traded $1.7M in 24 hours, a 0.02% turnover rate (WealthyBud data · CoinGecko, October 2, 2026). Trading is thin against the value outstanding; this page does not test why.
8. Money market fund tokens: $3.2B; CoinGecko’s “Treasury-backed stablecoin” category: $2.3B
These are CoinGecko’s Tokenized Money Market Fund and US Treasury-backed Stablecoin categories (WealthyBud data · CoinGecko, October 2, 2026). BlackRock USD Institutional Digital Liquidity Fund sits in both the money fund and Treasuries categories, so they cannot be summed. CoinGecko lists Ondo US Dollar Yield in the stablecoin-labelled category, while Ondo describes it as a note. See stablecoin statistics for dollar-pegged coins.
9. Treasury fund tokens price at $1.00, $1.14 and $1.15
BlackRock USD Institutional Digital Liquidity Fund, Circle USYC and Ondo US Dollar Yield are the leading names in the two categories (WealthyBud data · CoinGecko, October 2, 2026). Circle says “USYC yield accrues automatically through a rising token price,” and Ondo says USDY “accrues yield daily.” A fixed-peg stablecoin is built to stay at one dollar.
10. RWA.xyz: USYC $2.4B, USDY $2.3B, BUIDL $2.2B, iBENJI $1.7B, WTGXX $1.2B
The RWA.xyz overview lists these first under “Government Securities” (retrieved October 2, 2026). Its documentation says market cap “is not calculated” for tokens without a secondary market and uses net asset value instead.
- RWA.xyz notes that price and net asset value “can diverge,” so a CoinGecko price may differ from a fund’s own value.
- Price changes on fund tokens and on floating tokens such as Chainlink mean different things, so this page does not rank them together.
How big is tokenized gold?
CoinGecko’s Tokenized Gold category is worth $5.9B as of October 2, 2026. Tether Gold and PAX Gold together hold $5.2B, or 84.9% of the 26 listed gold tokens. That equals 4.2% of the SPDR Gold Shares ETF (WealthyBud calculation; CoinGecko Oct 2 vs GLD Oct 1, 2026).
11. Tokenized gold: $5.9B
It traded $521.4M in 24 hours (WealthyBud data · CoinGecko, October 2, 2026). Its 26 listed coins sum to $6.1B, 3.3% above the category total, so list shares use that sum.
12. Two tokens hold 84.9% of the list
Tether Gold ($3.4B) and PAX Gold ($1.8B) lead. Compare market cap, not price: per-token prices run from $133.30 to $4,147.45 among ranked tokens above $100 million (WealthyBud data · CoinGecko, October 2, 2026).
13. PAXG: one troy ounce per token, about 435,066 ounces outstanding
Paxos states “Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London.” Dividing CoinGecko’s market cap by price gives about 435,066 tokens, or 13.5 tonnes of gold. That is WealthyBud’s calculation from the Tokenized Gold record, not a Paxos attestation figure.
14. Tokenized gold equals 4.2% of GLD’s $141.0B
The State Street page for SPDR Gold Shares (GLD) shows assets under management of $140,978.39 M as of Oct 01 2026. The tokenized figure is CoinGecko’s October 2, 2026 category total. The ratio is a WealthyBud calculation. See also gold and silver ETF statistics.
How does tokenization compare with traditional markets?
Tokenized Treasuries equal 0.030% of marketable Treasury debt, about $2.96 per $10,000, and tokenized gold equals 4.2% of the GLD ETF. Both are WealthyBud calculations that mix dates: CoinGecko October 2, 2026 against Treasury August 31 and GLD October 1, 2026.
15. Marketable Treasury debt: $31.83T on August 31, 2026
The U.S. Treasury’s Monthly Statement of the Public Debt reports total marketable securities of $31,828,001 million, of which bills are $7,248,070 million. Both include intragovernmental holdings.
16. Tokenized Treasuries are 0.030% of marketable debt and 0.13% of bills
This is WealthyBud’s calculation: CoinGecko’s $9.4B (October 2, 2026) divided by $31.83T and $7.25T (August 31, 2026). Circle says USYC also holds reverse repurchase agreements, so the ratio is a rough scale check, not an exact share of the Treasury market.
| Measure | As of | Value | Source |
|---|---|---|---|
| Marketable U.S. Treasury debt, all securities | August 31, 2026 | $31.83T | U.S. Treasury |
| Treasury bills outstanding | August 31, 2026 | $7.25T | U.S. Treasury |
| Tokenized Treasuries category | October 2, 2026 | $9.4B | CoinGecko |
| SPDR Gold Shares (GLD) assets | October 1, 2026 | $141.0B | State Street |
| Tokenized Gold category | October 2, 2026 | $5.9B | CoinGecko |
Who is issuing tokenized funds?
CoinGecko’s top-three lists for tokenized Treasuries and money funds name 5 tokens: USYC, USDY, BUIDL, EUTBL, USTBL. Circle says USYC shares are “only available to non-U.S. Persons,” and Ondo lists USDY eligibility as “Non-US Individuals & Organizations.” Each issuer sets its own access rules.
17. USYC represents a share of a Cayman Islands fund
Circle says “Each USYC token serves as a digital representation of a share of the Hashnote International Short Duration Fund Ltd.,” a “Cayman Islands registered mutual fund,” and that shares are “only available to non-U.S. Persons.” The page lists a $100,000 minimum.
18. USDY is debt issued by a bankruptcy-remote entity
Ondo Finance lists USDY’s legal structure as “Debt Issued by Bankruptcy-Remote Entity,” its underlying assets as “Bank Deposits; Short-Term US Treasuries,” and eligibility as non-U.S. individuals and organizations. So it is a note, not a fund share.
- Circle USYC is worth $2.4B and ranks in CoinGecko’s top three for Tokenized Treasuries.
- Ondo US Dollar Yield is worth $2.3B and ranks in CoinGecko’s top three for Tokenized Treasuries.
- BlackRock USD Institutional Digital Liquidity Fund is worth $2.3B and ranks in CoinGecko’s top three for Tokenized Treasuries and Tokenized Money Market Fund.
- Spiko EU T-Bills Money Market Fund is worth $662.9M and ranks in CoinGecko’s top three for Tokenized Money Market Fund.
- Spiko US T-Bills Money Market Fund is worth $165.9M and ranks in CoinGecko’s top three for Tokenized Money Market Fund.
What this means for investors
For yield seekers, read the structure before the ticker. A tokenized Treasury product can be a fund share or a note, and issuer pages show who may buy it. Circle says USYC shares are “only available to non-U.S. Persons”; Ondo lists USDY eligibility as “Non-US Individuals & Organizations.”
For gold buyers, GLD is 24 times the tokenized gold category (WealthyBud calculation; CoinGecko Oct 2 vs GLD Oct 1, 2026). Paxos publishes monthly attestation reports for PAXG, so check them for the gold behind your tokens.
For everyone, totals depend on the tracker. CoinGecko and RWA.xyz define the category differently, Compare the cash-like side with Treasury and T-bill ETF statistics.
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