A new report reveals over half of tokenized RWAs exhibit no weekly on-chain activity despite a $60 billion market valuation.
The tokenized real-world asset market has grown to approximately $60 billion as of May 2026, excluding stablecoins and repurchase agreements. Despite this milestone, 56% of the market’s value shows no weekly on-chain transfer activity, signaling liquidity challenges.
The market remains highly concentrated, with 62 assets comprising 88% of total value and just five products accounting for half. Tokenized U.S. Treasuries are the only assets deemed ‘Production Grade,’ while 97% of the market remains inaccessible to U.S. retail investors.
Analysts note that much of the tokenized asset space remains in early stages, with infrastructure for distribution, liquidity, and composability still under development.