Tokenized RWA Market Reaches $30.2B as US Treasurys Top $15B

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The tokenized RWA market grew more than 420% since 2025 to about $30.2 billion. Tokenized U.S. Treasurys rose from $3.9 billion to more than $15 billion and led the expansion. An analyst said institutions are using these products to access stable dollar-denominated returns on-chain in a regulatory-compliant format.

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