On-chain real-world asset value crossed $34B as institutions like BlackRock and Franklin Templeton tokenize Treasuries, private credit, and real estate with faster settlement and broader access.
DeFi & Yields ·
Tokenized real-world assets reached $34.32 billion in on-chain value during 2026, representing substantial growth from the prior year. Major financial institutions have begun deploying these assets on blockchain networks: BlackRock's BUIDL product holds $2.9 billion, while Franklin Templeton and platforms such as Securitize and Ondo are tokenizing Treasuries, private credit, and real estate holdings.
The primary benefit lies in unlocking liquidity for traditionally illiquid asset classes while enabling programmable yield mechanisms compatible with decentralized finance protocols. The model eliminates settlement delays that historically spanned weeks and removes barriers restricting participation to accredited investors alone. These mechanics combine traditional finance infrastructure with blockchain settlement speed.
What remains unclear is whether this trajectory will sustain at current growth rates and how regulatory frameworks governing tokenized assets will evolve across major jurisdictions. The scale of institutional adoption beyond the named platforms, and the extent to which DeFi yield mechanisms will integrate with these on-chain assets, also remains to be demonstrated at broader scale.