Ethereum currently holds about $23.3B of the $44.7B tokenized RWA market.

That means roughly 52% of tokenized real-world assets are on Ethereum.

But what are these assets?

Mostly tokenized U.S. Treasuries, government funds, private credit, and gold. These are traditional assets represented as digital tokens that can move and settle on a blockchain.

Why does Ethereum have such a big share?

It has deep liquidity, mature smart contracts, strong security, and infrastructure that institutions already understand.

But Ethereum is not alone.

BNB Chain has around $5.7B. zkSync Era has about $3.3B. Solana has roughly $2.6B. XRP Ledger is near $2.5B.

So the lesson is simple.

Tokenization is still early, but Ethereum has already become the main home for it.

The bigger question is whether it can keep that lead as more traditional assets move onchain.

$BNB $ETH

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