PANews reported on April 30th, citing CoinGecko , that from the beginning of 2025 to the end of Q1 2026, the total market capitalization of Tokenized RWA increased from $5.42 billion to $19.32 billion, approximately 6.4% of the total stablecoin market capitalization during the same period. Tokenized Treasuries grew by $9 billion to account for 67.2% of the total , while Tokenized Commodities rose to $5.5 billion, primarily driven by XAUT and PAXG. Since its launch in mid-2025, Tokenized stocks have seen their market capitalization increase to $487 million, with Circle being the largest Tokenized Stock, followed by Tesla , Nvidia , Alphabet , and MicroStrategy. Tokenized ETFs reached $298 million in size, exhibiting a long-tail distribution. RWA perpetual contract trading volume reached $524.8 billion in Q1 , far exceeding the total volume for 2025.