Analyst argues tokenized real-world assets ($38B today, up from $6B at start of 2025) represent the next major wealth transfer opportunity, with ETH dominant but SOL, BNB, AVAX, and SUI gaining traction.
Macro & Markets ·
Tokenized real-world assets have surged from roughly $6 billion at the start of 2025 to more than $38 billion today, according to market analysis, marking what some view as a transition from experimental stage to meaningful scale. Major institutions are already moving into the space: BlackRock is expanding tokenized money-market products, while Ondo has brought over 200 U.S. stocks and ETFs onchain via Solana, and Securitize is building infrastructure across multiple major blockchains.
Ethereum remains the dominant settlement layer for tokenized assets with approximately $17.5 billion deployed, but competition is intensifying. Solana is gaining traction in tokenized stocks and ETFs, while Binance Coin, Avalanche, and Sui are each positioning themselves for institutional adoption—Avalanche through blockchain infrastructure focus and Sui through institutional asset and tokenized market positioning. The infrastructure layer—including Ondo, Securitize, Centrifuge, and Maple—may represent an underestimated opportunity, as these entities are building the systems to connect traditional finance with onchain markets.
What remains unclear is the timeline and adoption rate for moving traditional financial assets onto blockchain rails. While the $38 billion figure demonstrates real growth, it remains tiny relative to global stock, bond, credit, real-estate, and fund markets. The analysis does not specify which blockchain or protocol will ultimately capture the largest share of this potential wealth transfer.