Canton Network dominates RWA market with $314.1B of $353.1B in represented assets; distributed RWAs total $38.4B led by Ethereum at $17.3B.
RWA & Tokenization ·
Canton Network represents $314.1B of the $353.1B in tokenized real-world assets tracked by rwa.xyz, commanding nearly 90% of the represented asset category where blockchains function as recordkeeping infrastructure rather than custodians of investor-held tokens. This concentration reflects the market structure for assets tracked through institutional custody models.
In contrast, distributed real-world assets—where investors directly hold tokens—total $38.4B across all networks. Ethereum leads this segment at $17.3B, followed by BNB Chain at $5.8B. The gap between represented and distributed tokenized assets underscores a fundamental split in how real-world asset tokenization is being deployed: institutional recordkeeping on Canton versus direct investor ownership on other chains.
What remains unclear is the rate of growth or decline in either category, whether Canton Network's dominance is expanding or stabilizing, and how these figures align with broader institutional adoption trends in tokenized assets.