Ethereum Powers $290B Tokenized Asset Boom as Finance Goes Digital

Tokenized assets have reached a record high of $290 billion, driven by rapid growth in Ethereum-based stablecoins and tokenized real-world assets (RWAs), according to multiple industry reports and data platforms. Ethereum remains the dominant blockchain for tokenized assets, capturing 57% of the stablecoin market with a record $165 billion in stablecoin supply as of mid-2025. The network added approximately $1 billion in stablecoin supply per day during the previous week, reflecting a surge in demand for dollar-backed tokens. Tron and Solana hold 27% and less than 4% of the market, respectively. The growth of Ethereum-based stablecoins has more than doubled since January 2024, highlighting the network’s resilience and appeal to institutional players due to its robust infrastructure and large user base.

Beyond stablecoins, Ethereum is also leading in the tokenization of traditional assets. Tokenized gold on the platform has risen to $2.4 billion this year, more than double the amount from the previous year. Gold tokenization allows for instant digital exchange and has expanded Ethereum’s share of the tokenized commodity market to near 97% when including layer-2 networks like Polygon. The platform also dominates in tokenized government debt, with U.S. Treasurys being the fastest-growing category on Ethereum. According to RWA.xyz, Ethereum holds over 70% of all tokenized Treasury products. Institutional participation in this space is growing, with Fidelity launching the Fidelity Digital Interest Token (FDIT), a tokenized U.S. Treasury fund, which has attracted over $200 million in assets since its launch.

The broader RWA market, which includes tokenized real estate, bonds, and other traditional assets, has also seen significant growth. As of mid-2025, the tokenized RWA market (excluding stablecoins) exceeded $27.6 billion, a 223% increase since the beginning of the year. Major financial institutions, including JPMorgan, Goldman Sachs, and BlackRock, are actively engaging in this space, launching tokenized funds and exploring digitized bonds. Societe Generale Forge, for example, has issued tokenized bonds directly on the Ethereum blockchain, while JPMorgan’s Onyx platform has processed nearly $700 billion in tokenized short-term loans. These developments reflect growing institutional confidence in blockchain as a legitimate infrastructure for financial markets.

Ondo Finance is another key player in the tokenized asset ecosystem, leveraging Ethereum to tokenize U.S. stocks and ETFs, expanding access to global investors. The platform has integrated Chainlink’s oracles to ensure secure pricing and asset valuations, addressing risks such as price manipulation. Ondo has also expanded its operations to blockchains like BNB Chain and Solana, signaling a commitment to a more inclusive and efficient financial infrastructure. The company’s collaboration with J.P. Morgan underscores the increasing institutional interest in tokenized assets and highlights the potential for tokenization to redefine traditional investment paradigms.

The long-term implications of this trend are profound. By mid-2030, the RWA market is projected to reach between $10 trillion and $30 trillion, fundamentally reshaping global finance. Tokenization is democratizing access to high-value assets, improving liquidity, and reducing transaction costs, while also enhancing transparency through blockchain’s immutable records. Traditional financial intermediaries, such as real estate agents and venture capital firms, face disruption as tokenization streamlines processes and reduces the need for intermediaries. Meanwhile, DeFi protocols are integrating tokenized assets as collateral, increasing liquidity and attracting institutional capital. The convergence of traditional and decentralized finance is creating a hybrid financial ecosystem that is more efficient, transparent, and inclusive.