Tokenized real-world assets hit $46.2 billion across 36 chains

About $46.2 billion of real-world assets now live onchain, spread across 36 blockchains. That figure excludes stablecoins, so this is the slower, more paperwork-heavy side of tokenization: bonds, funds, credit, and stocks. Where the $46 billion actually sits According to Token Terminal data, the onchain RWA market reached approximately $46.2 billion to $46.3 billion as of late September 2026. Depending on how you count, those assets sit on 35 to 36 networks. Ethereum dominates with a share of around 48%, or roughly $22.2 billion. BNB Chain sits in second place with $5.5 billion, about 12% of the total. Stellar and zkSync Era each hold about $3.3 billion, while Solana carries $3.0 billion. Treasuries still run the show, but stocks are moving fast By asset type, US Treasury bills are the biggest category at roughly $13.9 billion. Active yield strategies follow at about $10.7 billion, with credit funds at approximately $6.5 billion. The more interesting movement is in tokenized stocks. The category posted the strongest growth over the past 30 days, adding around $592 million in market cap. Depending on who you ask, the number changes Not every data provider agrees on the size of the m...