Token Terminal reports tokenized funds (yield) are driving RWA market growth over the past year, followed by commodities and stocks.
RWA & Tokenization ·
Tokenized funds focused on yield generation have emerged as the primary growth engine for real-world asset markets over the past year, according to analysis tracking market capitalization changes across asset categories. Commodities and stocks rank second and third respectively in driving the expansion of the tokenized RWA sector during this period. The breakdown reflects which asset classes have attracted the most capital into on-chain representations, with yield-bearing products demonstrating particular traction among participants seeking tokenized exposure to traditional finance instruments. The specific mechanics of how these categories compete for inflows—whether driven by higher yields, lower barriers to entry, or regulatory clarity in particular jurisdictions—remain unspecified. Similarly, the absolute size of each segment and whether growth rates are accelerating or decelerating across quarters are not detailed in available analysis.