<div id="readability-page-1" class="page"><div><article><div><div><div><div><div><div><p>Tokenized real-world assets (RWAs) have gained great ground, with their total value locked (TVL) now crossing $21 billion. While Ethereum [ETH] hosts the bulk of these assets, relatively smaller networks like Arbitrum [ARB] have attracted eyeballs too.</p><h2>Beyond niche status</h2><p>According to the latest data, US Treasury debt dominates the $21 billion tokenized RWAs TVL, accounting for over $9 billion. It’s followed by commodities at around $3.7 billion and private credit at roughly $2.5 billion.</p><div id="attachment_564131"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NGvt3W8AAI0ZO.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="920" height="575" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NGvt3W8AAI0ZO.jpg"/></p><p id="caption-attachment-564131">Source: X</p></div><p>Corporate bonds and institutional funds also made up a growing share, while real estate and private equity were smaller but present.</p><p>Beyond current numbers, McKinsey has estimated that tokenized assets could reach $2-4 trillion by 2030. Furthermore, Boston Consulting Group has forecasted a much larger $16 trillion market.</p><p>There’s definitely more room for expansion.</p><h2>Ethereum is the place to be</h2><p>While the RWA market is still relatively small, most tokenized assets today are on Ethereum. According to Token Terminal, the network hosts close to $200 billion worth of tokenized value across stablecoins, tokenized funds, commodities, and stocks.</p><p>As it stands, stablecoins make up the largest share by a wide margin – Far outweighing other categories.</p><div id="attachment_564136"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NMxv6WwAEJvsi.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="900" height="900" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NMxv6WwAEJvsi.jpg"/></p><p id="caption-attachment-564136">Source: X</p></div><p>The numbers make Ethereum’s early lead in tokenization infrastructure obvious. Liquidity, a mature ecosystem, and developer support have helped it become the preferred choice for RWAs so far.</p><p>But, will this dominance last?</p><h2>New RWA demand may be forming elsewhere…</h2><div><article><div><div><div><div><div><div><p>Spiko’s tokenized products (EUTBL and USTBL) have crossed $273 million in TVL on Arbitrum, making it the most adopted chain for these funds. There’s been a gradual rise over time, with Arbitrum pulling ahead of other supported networks.</p><div id="attachment_564135"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NXhZTaIAANHnc.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="994" height="656" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/G_NXhZTaIAANHnc.jpg"/></p><p id="caption-attachment-564135">Source: X</p></div><p>Arbitrum’s promise of predictable fees, liquidity, and a flexible design matter greatly to institutions experimenting with tokenized products. Keeping that in mind, it would be natural for RWA adoption to spread to networks apart from Ethereum over time.</p><hr/><h2>Final Thoughts</h2><ul><li><em>Tokenized RWAs have crossed $21B in TVL.</em></li><li><em>While Ethereum hosts most RWAs today, rising adoption may spread across lower-cost networks.</em></li></ul></div></div></div></div></div></div></article></div></div></div></div></div></div></div></article></div></div>

<p>Tokenized real-world assets (RWAs) have reached a total value locked (TVL) of $21 billion, primarily on Ethereum, which holds nearly $200 billion in tokenized value. US Treasury debt leads this market, followed by commodities and private credit. While Ethereum currently dominates, networks like Arbitrum are gaining traction, with Spiko’s products achieving $273 million in TVL. Analysts predict tokenized assets could grow to $2-4 trillion by 2030, indicating potential for expansion beyond Ethereum as institutions explore lower-cost alternatives.</p>

- Tokenized real-world assets (RWAs) have surpassed $21 billion in total value locked, primarily on Ethereum.  
- The majority of this value is attributed to US Treasury debt, with estimates suggesting that the tokenized assets market could reach $2-4 trillion by 2030.  
- As adoption grows, networks like Arbitrum are becoming popular alternatives, indicating potential shifts in the RWA landscape.

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Tokenized assets hit $21B, but are new chains starting to matter?