TLDR

  • Tokenized real-world assets expanded by 4.59% in November 2025, hitting a cumulative value of $19.06 billion.
  • Tokenized gold jumped 227% in 2025—rising from $1 billion to $3.27 billion—fueled by elevated physical gold prices.
  • The tokenization market is projected to reach $100 billion by 2026, with tokenized fixed-income products leading the way.
  • Institutional interest in tokenized assets is on the rise, as the Canton Network oversees $395.2 billion in assets.

As 2025 draws to a close, the cryptocurrency market is seeing a sustained decline—total market capitalization has fallen by 3.17% over the past month. This downturn, driven by ongoing sell-offs and uncertainty, has impacted most sectors of the market. However, amid the broader slump, one area stands out as a bright spot: the tokenization of real-world assets (RWAs).

Tokenized Real-World Assets Demonstrate Resilience

Despite the wider market’s struggles, tokenized real-world assets have shown notable growth. According to data from RWA.xyz, the distributed asset value in the tokenization sector reached $19.06 billion, marking a 4.59% increase over the past month. This growth underscores the sector’s ability to remain relatively insulated from ongoing market volatility.

Tokenization of RWAs has proven to be a viable option for both institutional players and retail investors, with total represented asset value now at $414.6 billion. A significant portion of this value is managed by the Canton Network, which oversees $395.2 billion in institutional assets. The rise in asset holders—up 7.23% to 583,821—also signals growing interest in this space.

Bitcoin Continues to Face Selling Pressure

Bitcoin, the leading cryptocurrency, keeps experiencing downward pressure as it wraps up 2025. This has led to a drop in investor confidence and a slowdown in new inflows. Kevin Rusher, founder of RAAC (a platform for RWA lending and borrowing), noted that market attention remains focused on Bitcoin’s price, which has struggled to gain momentum. Recent developments—such as Strategy halting Bitcoin purchases and shifting $700 million into cash—suggest the selling pressure may persist into the new year.

Rusher emphasized that while Bitcoin faces challenges, the RWA sector has remained largely unaffected by this negative sentiment, with tokenized assets continuing to perform well even amid broader market struggles.

Tokenized Gold Drives Sector Growth

One of the key drivers of growth in the tokenized RWA sector has been the rise of tokenized gold. This asset has seen a remarkable value increase, surging by 227% from $1 billion to $3.27 billion year-to-date. The surge in tokenized gold coincides with the physical gold market hitting new all-time highs, making its tokenized versions an attractive store of value for investors.

In addition to tokenized gold, other commodities like oil, platinum, wheat, and soy have entered the tokenized assets landscape. This expansion into various asset classes within the tokenization market has further fueled growth and expanded options for those looking to capitalize on stable, real-world backed assets.

Tokenization Market Expected to See Robust Future Growth

Looking ahead to 2026, industry experts forecast continued growth in the tokenization space. Jesse Knutson, Head of Operations at Bitfinex Securities, predicted the tokenization market could reach $100 billion by the end of 2026. He expects tokenized fixed-income products to remain the leading category, with tokenized equities gradually gaining prominence.

Knutson also pointed out that expanding tokenized assets—such as Bitcoin-mining-backed fixed-income products and tokenized ETFs—could help deepen the investor base for these assets. As more retail and institutional investors seek stability during volatile periods, the tokenization market is likely to play a key role in shaping the future of the crypto landscape.

While the broader cryptocurrency market faces a decline as 2025 nears its end, the tokenized RWA sector remains a bright spot—demonstrating resilience and strong growth potential. As tokenized commodities, particularly gold, gain traction and the sector continues to expand, it is expected to be a key area of focus for investors in the coming years.