The tokenized real-world assets (RWAs) market has crossed the $30 billion milestone in on-chain value, highlighting continued institutional and investor interest in the sector.

The milestone marks a 9% increase in total tokenized asset value over the past 30 days, according to data from RWAxyz. The number of unique asset holders also rose by 7% during the same period, reaching a total of 395,939. This is significantly higher than the 94,809 holders recorded in April, when the total on-chain RWA value reached $20 billion.

Private credit remains the largest segment of the tokenized RWA market, totaling nearly $17 billion in on-chain value. U.S. Treasury debt follows in second place, accounting for just over $7 billion. Figure Technologies leads tokenized private credit, followed by Tradable, a protocol launched on ZKsync Era in 2023, and asset manager Maple Finance.

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