Tokenized Asset Market Reaches $34.01B, With U.S. Treasurys Near $16B by May 2026

The tokenized asset market has climbed to $34.01 billion, with tokenized U.S. Treasury products emerging as the largest segment and approaching $16 billion by May 2026. The market was below $3 billion around mid-2024, indicating more than a tenfold expansion over the period. Commodities neared $6 billion and asset-backed credit topped $3 billion as broader institutional use of onchain settlement systems increased.