The post Tokenized assets near $300 billion as Wall Street quietly floods on chain appeared on BitcoinEthereumNews.com.

Tokenized assets recorded on public blockchains have reached approximately $293 billion, according to data from RWA.xyz. The figure, which includes stablecoins valued at about $266.7 billion, places tokenization near the $300 billion threshold, emphasizing its role as a structural layer in on-chain financial markets. Excluding stablecoins, tokenized real-world assets account for around $26.3 billion. Total Real World Assets (Source: rwa.xyz) The growth of tokenized U.S. Treasuries has emerged as a defining feature of this market. The segment surpassed $5 billion in March and now measures close to $7.3 billion in outstanding value. BlackRock’s BUIDL fund represents the largest share, with roughly $2.4 billion, followed by Franklin Templeton’s BENJI, at about $700 million, while Ondo’s OUSG and other vehicles, including USYC, JTRSY, and USTB, round out the leading issuers. This movement of short-term debt on the chain has accelerated in a high-interest-rate environment, drawing capital toward tokenized money-market funds and Treasury products. Tokenized Treasury and money-market mutual fund assets rose nearly 80% year to date, reaching $7.4 billion by mid-summer. Market participants increasingly use these products for yield capture and settlement efficiency, with institutional issuers anchoring adoption. Integrating BlackRock and Franklin into on-chain infrastructure illustrates how traditional finance firms use tokenization for capital markets operations beyond pilot programs. These tokenized funds function as yield-bearing stablecoin alternatives, attracting capital that may otherwise remain in non-interest-bearing stablecoin formats. Stablecoins continue to dominate the landscape with nearly $267 billion in value and more than 189 million holders globally, according to RWA.xyz. The sector remains the entry point to tokenized finance while indirectly supporting the Treasury market through reserve allocations. The scale of stablecoin holdings has created a structural bid in short-term U.S. government securities, reinforcing their connection to traditional financial markets. This demand channel links on-chain activity to systemic funding markets and elevates the…

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Filed under: News - @ August 18, 2025 12:28 pm