Real-world assets surge past $38B market cap as BlackRock, JPMorgan, and Ondo Finance lead the institutional charge. What's driving this unprecedented growth?

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The real-world asset sector delivered 185.8% average returns in 2025, outperforming every other crypto narrative. Now with $38 billion in RWA market cap and tokenized treasuries surpassing $9 billion, 2026 is shaping up to be the year RWA goes truly mainstream. Here's what's driving this unprecedented institutional adoption.
When we last covered real-world assets in December 2025, the sector had just crossed $33.9 billion in total value locked. The momentum has only accelerated as major institutions expanded their tokenization programs.