Tokenized RWA market size reached $19.3 billion in Q1 2026, up 256.7% year-on-year

According to a CoinGecko report, as of March 31, 2026, the market capitalization of tokenized real-world assets (RWAs) reached $19.32 billion, representing a 256.7% increase from $5.42 billion at the beginning of 2025. Tokenized U.S. Treasury securities remain the largest category, with a market size exceeding $10 billion; tokenized commodities grew to $5.55 billion, primarily driven by gold-backed tokens XAUT and PAXG. The report also states that in Q1 2026, spot trading volume for tokenized gold reached $90.7 billion, while spot trading volume for tokenized equities reached $15.1 billion—both surpassing their respective levels in 2025. During the same period, total trading volume for RWA perpetual contracts rose to $524.8 billion.