RWA tokenization is moving from concept to institutional deployment, with tokenized Treasuries, money market funds, private credit, and fund shares already on-chain. Mid-2026 estimates for non-stablecoin tokenized real-world assets range from roughly $23 billion to $60 billion, with the spread driven by differing methodologies over what counts as tokenized. While still small relative to global capital markets, the article describes the market's growth curve as hard to ignore.
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