Standing reference
The Tokenization tracker
What has actually been put on-chain, asset class by asset class: what it is worth, who issued it, and the question that decides whether any of it matters, which is what a holder legally owns.
What this is, and what it is not
Market-size data for tokenized assets is already public and already good: rwa.xyz and DefiLlama both track outstanding value in close to real time, and this page does not try to compete with a live dashboard. What neither answers is the ownership question. A tokenized property share is usually a claim on an issuer, not a deed. A tokenized stock is usually a wrapper held by a custodian, not the share. A tokenized deposit is a bank liability and keeps its insurance; a stablecoin is not and does not. Each entry here states, in one sentence, what the holder of that instrument owns and who they own it from.
Every asset class we have covered
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Natural Capital Tokenization Chases a $700B Gap Wall Street Fled
The New York Stock Exchange’s plan to list nature as an asset class collapsed in January 2024, weeks after 25 state attorneys general called it a…
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Tokenized Carbon Credits Crashed 99%, and JPMorgan Is Trying Again
Researchers at CarbonPlan found the boom’s bridge was reviving old, low-value credits, calling them zombies on the blockchain. Verra, the largest registry, halted the practice in…
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Tokenized Royalties Hit $1.2B Against a $61T Intangible-Asset Market
In January 2026 the SEC confirmed that revenue-sharing royalty tokens meeting the Howey test are securities, regardless of the blockchain wrapper. Most platforms now gate access…
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Tokenized Trade Finance Chases a $5T Small-Business Gap Banks Couldn’t Close
Credix raised $100 million by October 2025 to fund Brazilian small-business receivables. An April 2026 IMF note warned that too many competing tokenization platforms could fragment…
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Tokenized Deposits Keep FDIC Insurance as a Dozen Banks Build Shared Network
The Clearing House’s RTP and CHIPS networks already move more than $2 trillion daily. The busiest tokenized deposit platform handles roughly a quarter of one percent…
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Tokenized Bonds Go Sovereign as UK Lines Up First G7 Digital Gilt
A traditional sovereign bond requires a $100,000 stake, out of reach for individuals. Tokenization can cut that to $30, the World Economic Forum notes, letting diaspora…
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Tokenized Real Estate Sells $50 Rental Shares, Not the Deed Itself
RealT alone has tokenized more than 970 US rentals at yields of 8 to 12 percent, yet most offerings stay limited to accredited or non-US investors,…
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Tokenized Gold Tops $6B at Record Prices, Led by Tether and Paxos
XAUT and PAX Gold now make up about 96 percent of tokenized gold, and both jumped toward $5,500 intraday when US and Israeli strikes hit Iran…
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Tokenized Private Credit Outpaces Funds as Maple, Centrifuge Push 8–15% Yields
Maple Finance now manages more than $4 billion, but pools across the sector already show baseline default rates of 1 to 3 percent, the real cost…
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Tokenized Treasuries Top $15B as BlackRock Files Two On-Chain Funds.
The $15.2 billion tokenized-Treasury market spans just 58,658 holders at a blended 3.36 percent yield: corporate treasuries and trading desks parking cash, not a retail trade.
The rest of the tokenization desk
The tokenization desk-
Natural Capital Tokenization Chases a $700B Gap Wall Street Fled
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Tokenized Carbon Credits Crashed 99%, and JPMorgan Is Trying Again
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Tokenized Royalties Hit $1.2B Against a $61T Intangible-Asset Market
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Tokenized Trade Finance Chases a $5T Small-Business Gap Banks Couldn’t Close
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Tokenized Deposits Keep FDIC Insurance as a Dozen Banks Build Shared Network
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Tokenized Bonds Go Sovereign as UK Lines Up First G7 Digital Gilt