Tokenized US Treasuries Near $14B as Circle, Blackrock Lead RWA Market Growth
Key Takeaways: Ethereum remains the dominant network with $7 billion in total value, while BNB Chain has established a significant presence with $3.2 billion. Networks such as Stellar ($843.8 million) and Solana ($829.7 million) are also gaining traction, while XRP Ledger, Plume, and Avalanche continue to serve as viable alternatives. If current conditions hold, the next phase will likely hinge less on raw growth and more on integration: deeper links with decentralized finance (DeFi) protocols, broader regulatory clarity, and tighter connections to global capital markets and TradFi. For now, tokenized Treasuries remain one of the clearest examples of how tokenized RWAs are being restructured for a digital-native environment, quietly expanding, but with measurable weight behind every step.About Author
