RWA Foundation reports $6.2 billion tokenized credit market as holders climb 12.1%

Tokenized credit just had a strange quarter. The money got slightly smaller, while the crowd got noticeably bigger. The RWA Foundation reports that the tokenized credit market now carries a $6.2 billion onchain market cap and assets under management. Its Q3 2026 report, built with Token Terminal, puts the precise figure at $6.17 billion as of October 1, 2026. That is down 2.8% from $6.35 billion on July 3. Meanwhile, unique holder addresses rose 12.1% to 28,840. Inside the Q3 numbers The report, published October 4, 2026, maps a sector that is spread out but still compact. It counts 64 distinct assets from 13 issuers across 16 different blockchains. The report relies on Token Terminal data covering circulating market cap and AUM for tokenized credit. That methodology matters, because it measures what is actually live onchain rather than announced pipelines. Maple’s odd quarter, and the new climbers Maple Finance posted the biggest drop in the sector, shedding $402.7 million in market cap. On its own, that number explains most of the industry-wide decline. Yet Maple also delivered the most new holders. It added 2,160 addresses, which accounted for about 69% of the sector’s net holde...