Tokenized real-world assets reached approximately $46.2 billion by late September 2026, spread across 35 to 36 blockchains, excluding stablecoins. Ethereum dominates the market with a 48% share representing $22.2 billion, followed by BNB Chain at $5.5 billion. US Treasury bills represent the largest category at $13.9 billion, while tokenized stocks posted the strongest 30-day growth adding $592 million. McKinsey projects this market could reach $2 trillion by 2030, though only 7% to 12% of these assets are currently being used in decentralized finance.
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