RWA Foundation report tracks 10,322 tokenized real-world assets

The RWA Foundation says it is now tracking 10,322 real-world assets that live onchain. That figure anchors its latest monthly report on the tokenization market.

The Foundation publishes its Market Structure Reports in collaboration with analytics firm Token Terminal.

What the report covers

Real-world assets, or RWAs, are traditional financial instruments represented as tokens on a blockchain.

The Foundation’s monthly reports split that universe into several buckets. These include stablecoins, tokenized funds, private credit, commodities, equities, and ETFs.

As of September 2026, the Foundation’s tracked universe stood at more than 10,946 tokenized assets, a figure in the same range as the 10,322 cited in the report announcement.

Stablecoins still do the heavy lifting

Stablecoins remain the largest category by a wide margin. As of September 30, 2026, the stablecoin market cap stood at approximately $301.4 billion across 193 assets.

Among individual tokens, USDe stood out for significant growth.

Avalanche leads the chain race

Avalanche led over a recent 30-day window, adding $173 million in RWA market cap.

Arbitrum and Stellar followed behind.

Perpetual futures enter the picture

The Foundation has also widened its lens through partnerships with analytics platforms such as DefiLlama, adding coverage of onchain perpetual futures linked to RWAs.

Perpetual futures, or perps, are derivatives with no expiry date. Traders use them to bet on price moves with leverage, and they can be pegged to stocks, commodities, or other offchain prices.

RWA-linked perps posted 30-day trading volume of about $117 billion as of early September 2026.