Sky and Securitize each command 10% of the tokenized RWA market

Two names now tower over the tokenized real-world asset landscape: Sky Ecosystem and Securitize. Each controls 10.2% of the total RWA market cap, making them co-leaders of a sector that has quietly ballooned into one of crypto’s most consequential verticals. The distributed asset value tracked by RWA.xyz has reached approximately $38.38 billion, up about 2.8% over the past 30 days. That figure has grown from roughly $25 billion earlier in the cycle, meaning the market has expanded by more than 50% during a stretch when most of crypto struggled to find a coherent narrative beyond memecoins and ETF inflows. Breaking down the top of the leaderboard Securitize sits at the top of the tokenization platform rankings with approximately $4.95 billion in distributed RWA value across 25 assets. That number is inflated, in the best possible way, by its role as the transfer agent for BlackRock’s BUIDL fund, the tokenized US Treasury vehicle that has become something of a flagship product for institutional crypto adoption. Sky, the ecosystem formerly known as MakerDAO, approaches the market from a different angle. Its RWA exposure is anchored by a stablecoin market cap of roughly $6.57 billion, ...