Real-world assets are quietly having their biggest year in crypto. RWA TVL grew roughly 184% year-over-year, from ~$11.8B in mid-2025 to ~$33.5B by July 2026, outpacing both the DeFi rebound and the broader market recovery.

Inside that growth: tokenized bonds and money market funds are up 83% (adding $6.5B), and tokenized stocks are up 422% over the same window.

Regulatory clarity across major jurisdictions is bringing institutional allocators into tokenized markets faster than ever.