POPA ReconRWA Asset Classes by Total Value
RWA Asset Classes by Total Value The tokenized real-world asset market is still overwhelmingly a Treasury story - US government debt alone accounts for nearly half of all RWA value onchain. • US Treasury Debt - $14.7B • Commodities - $4.9B • Asset-Backed Credit - $2.2B • Speciality Finance - $1.5B • Stocks - $1.5B • Active Strategies - $1.4B • non-US Gov Debt - $1.3B • Venture Capital - $1B • Private Equity - $862M • Corporate Credit - $784M Tokenized Treasuries dominate because they're the easiest RWA to bring onchain - a government bond yields ~4-5%, settles instantly, and lets cry…
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