CoinShares: Tokenized US Treasurys Lead 229% RWA Growth Ahead of 2026 Expansion
According to a , tokenized U.S. Treasury securities are driving a dramatic surge in real-world-asset (RWA) tokenization, recording a 229% year-on-year (YOY) growth in 2025. The firm expects this trend to accelerate further into 2026, as institutional demand for transparent, on-chain liquidity and regulated assets rises.
CoinShares highlights how tokenized Treasurys, which are essentially digital representations of U.S. government debt, are increasingly viewed as stable, low-risk building blocks for blockchain-based investment products. As confidence in crypto infrastructure grows, these tokenized instruments are emerging as a bridge between legacy finance and blockchain-native protocols.
CoinShares’ Data Position Treasury Credit Tokens As A New Foundation for Crypto Markets
Tokenized U.S. Treasurys combine the credit securety of government debt with blockchain’s transparency and liquidity. Investors can hold fractional shares, settle instantly on-chain, and benefit from programmatic compliance, making these instruments attractive for both institutional and retail investors.
CoinShares’ report showing that tokenized Treasurys represent the lion’s share of RWA-related tokens by market value later than their 229% growth reflects how rapid has been in 2025. Notable inflows are from asset managers, funds, and market makers, who view these tokens as a lower-volatility anchor, especially at a time of macroeconomic turbulence and global interest rate cycles.
With already deeply embedded in global finance, wrapping them into blockchain-compatible tokens allows market participants to tap traditional fixed-income assets with the flexibility and liquidity built on crypto infrastructure.
CoinShares argues that this combination of traditional stability and modern infrastructure is creating a new hybrid asset class that could lead the next wave of decentralized finance (DeFi).
Institutional Confidence and Strategic Positioning Remain Crucial
The acceleration in tokenized Treasurys reflects several converging trends. One of them is regulatory clarity and compliance alignment. As regulators worldwide increasingly acknowledge tokenized securities and real-world assets, institutions are more comfortable allocating capital to on-chain instruments that mirror traditional financial compliance frameworks.
Also, with volatility in the stock and crypto markets, many investors are viewking securer yields, and tokenized Treasurys offer a familiar risk profile with the added benefits of fractionalization and digital settlement. Custody answers, on-chain auditability, and bridging tools have also matured significantly, reducing operational friction for old and new institutions.
These factors assisted dominate the tokenized Treasurys market and will remain crucial to the broader growth and adoption. .
However, as regulators continue defining frameworks for tokenized securities, jurisdictions could create diverse cross-border compliance frameworks. A sanction, audit failure, or regulatory change could materially impact value and liquidity.
Nonetheless, CoinShares argues we may be entering a new era where real-world assets determine and stabilize the broader part of DeFi. If managed carefully, these tokenized Treasurys could anchor a more mature, regulated, and resilient crypto ecosystem where yield, compliance, and liquidity converge.
