Năm đầu tiên của quy mô RWA đã đến: Nhìn vào dữ liệu, cơ cấu mới của tài sản token hóa vào năm 2026

【Coin Circle】Recently, data has been compiled on the market size distribution of mainstream tokenized assets. From a global perspective, private credit tokenization leads the market at $28.72 billion, followed by US Treasury tokenization at $8.86 billion, with commodities, institutional funds, and government bonds tokenization at $4.03 billion, $2.98 billion, and $1.32 billion respectively, while corporate bonds and emerging asset categories account for $260 million and $620 million respectively.

At the project level, Jupiter, the leading aggregator in the Solana ecosystem, announced the launch of its native stablecoin JupUSD, with 90% of its reserve assets backed by BlackRock’s tokenized fund and Ethena’s USDe — this combination itself demonstrates the deep integration trend between traditional financial institutions and on-chain native protocols.

Policy updates are frequent. Goldman Sachs and Morgan Stanley released research reports in early January respectively, pointing out that tokenization of bonds and real estate is expected to account for 70% of future asset allocation. More importantly, the United States is expected to pass the CLARITY Act in 2026, which means tokenized Tesla, Nvidia and other stocks will gain clear legal framework support. Meanwhile, Abu Dhabi’s ADX just completed its first cross-chain oil certificate tokenization transfer, showcasing rapid iteration of regional financial infrastructure.

Overall, the RWA market has transitioned from the early stage of “technical feasibility verification” into a new cycle of “large-scale commercialization”. Unlike the rapid growth in 2025, the market at the start of the year shows stronger awareness of institutional safeguards and on-chain native characteristics — this is both an upgrade in risk management and a signal of the track moving toward mainstream adoption.