The tokenized RWA market reached $46.3 billion, while the proportion of US Treasury bonds fell to less than one-third.

According to Token Terminal data, the tokenized RWA market size reached $46.3 billion, of which tokenized US Treasury bonds accounted for $13.3 billion, less than one-third, yield strategies accounted for $11.6 billion, and credit funds accounted for $5.7 billion. rwa.xyz estimates the market size at $38 billion to $39 billion, while tokenized US Treasury bonds are estimated at $14 billion to $15 billion. Issuers are concentrated on Sky, Securitize, Ondo Finance, Figure, BlackRock, and Circle, with Ethereum as the primary network. (Source: Crypto Briefing)