Tokenized assets attract $1.25 billion as gold, credit and Treasuries lead inflows

More than $1 billion in net new capital flowed into tokenized real-world assets over the past 30 days, led by gold, private credit and US Treasury products. The surge highlights continued demand for on-chain exposure to traditional assets, even as differences in measurement make the market’s growth difficult to summarize with a single figure.

Where the Capital Went

Tracking data across major issuers and platforms placed net RWA inflows at approximately $1.25 billion as of early October. A separate analysis of flows across leading blockchains recorded approximately $541 million over a 30-day period, excluding stablecoins.

The two figures are not directly contradictory. Issuer-level data captures capital entering products across platforms, while chain-level data measures activity distributed across specific networks. The distinction means headline growth depends partly on whether the market is counted by issuer or by blockchain.

Treasury products remained the sector’s anchor, often representing more than $15 billion of on-chain value. Tokenized gold and other commodities added more than $5 billion, while total distributed tokenized-asset value reached approximately $39 billion, excluding stablecoins.

Issuers, Chains and Users

Tether led recent inflows, primarily through XAUT, its gold-backed token. The product contributed hundreds of millions of dollars, making it a major source of the period’s growth. BlackRock and WisdomTree also accounted for a significant share of activity.

WisdomTree’s tokenized assets under management approached $1.3 billion, representing a 65% year-to-date increase. The figures point to strong institutional and yield-seeking demand for products built around familiar assets.

• BNB Chain recorded more than $460 million in net RWA inflows during a recent 30-day window.
• Solana and Stellar were active in earlier waves of RWA inflows.
• Tokenized equities grew 21.5% to approximately 4.38 million holders in one 30-day period.
• Retail-oriented platforms including Robinhood and Binance were associated with much of the growth in tokenized stocks.

What This Means

The latest inflows suggest tokenization is expanding along two distinct tracks: yield-focused products such as Treasuries, credit and gold are attracting large pools of capital, while tokenized equities are bringing in a rapidly growing base of everyday users.

For Solana, the data confirms participation in a competitive RWA market rather than a clear lead in the latest reported flow window. The network’s earlier activity gives it a foothold, but continued growth will depend on attracting issuers and users as rival chains compete for tokenized assets.

Investors should also watch concentration and reporting methodology. XAUT accounted for a large portion of recent inflows, while the gap between $1.25 billion in issuer-level flows and $541 million in chain-level flows shows how sharply conclusions can change depending on the dataset.