Tokenized active strategies (managed funds/vaults on-chain) are emerging as a fast-growing RWA niche, with $30B+ in total tokenized RWAs and $2B+ in tokenized stocks.
RWA & Tokenization ·
Tokenized real-world assets have grown 400% or more since early 2025 to exceed $30 billion, with tokenized stocks emerging as the fastest-moving segment, having increased roughly fivefold over the past year to $2 billion or more. Within this landscape, a distinct subcategory is gaining traction: tokenized active strategies, which package managed funds or vaults—including basis trades, delta-neutral positions, and hedge-fund strategies—as blockchain-native tokens. Unlike passive tokenized assets that track a single underlying holding, these strategies employ active trading to generate returns, offering an alternative to participants unwilling to construct such positions independently.
Distribution across blockchains shows Ethereum capturing approximately $2.0 billion in tokenized active strategies, followed by Stellar at roughly $821 million, Avalanche at $194 million, Mantle at $118 million, and Monad at $111 million. The concentration on Ethereum underscores its dominance in the tokenized RWA space, while the presence across multiple chains reflects broader infrastructure development for on-chain financial products.
The trajectory and sustainability of this niche remain contingent on continued institutional adoption and the evolution of on-chain infrastructure. Questions persist around the durability of these performance-generating mechanisms, regulatory treatment of tokenized managed funds, and whether growth will sustain beyond the current cycle.