Tokenized Treasuries expected to drive 2026 RWA growth: CoinShares

Digital asset investment company CoinShares predicted that a surge in tokenized real-world assets (RWAs) in 2025 will continue into 2026, driven by increasing global demand for dollar yield.

In its 2026 Digital Asset Outlook report, CoinShares said tokenized RWAs saw strong growth in 2025, led by tokenized US Treasurys. According to the report, onchain Treasurys have more than doubled this year, climbing from $3.91 billion to $8.68 billion. Private credit nearly doubled as well, rising from $9.85 billion to $18.58 billion over the same period.