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CoinGecko Releases 2026 RWA Report: Tokenized RWA Market Cap Surpasses $19.3 Billion, U.S. Bonds and Gold Dominate the Core
Wu said that CoinGecko released the “2026 RWA Report” showing that the market capitalization of tokenized RWAs has grown by 256.7% over the past 15 months, surging from $5.42 billion at the beginning of 2025 to $19.32 billion at the end of Q1 2026, currently accounting for 6.4% of the stablecoin market cap. The report pointed out that tokenized U.S. Treasury bonds remain the largest asset class, with a market cap that first surpassed $10 billion in February this year, now holding a 67.2% market share; tokenized commodity market cap rose to $5.55 billion, with gold tokens led by XAUT and PAXG performing strongly, with Q1 spot trading volume reaching $90.7 billion, surpassing the total for all of 2025. Additionally, the tokenized stock market cap launched in mid-2025 has reached $486 million.