Tokenized assets expanded 267% between June 2025 and June 2026, making them the only crypto sector to add market value during a period when the broader market declined, according to CryptoRank.

The increase was driven mainly by new issuance rather than by rising asset prices. Gold-backed tokens and equity-linked tokens accounted for nearly all of the sector’s expansion over the 12-month period.

Tokenized assets are blockchain-based representations of instruments such as commodities, equities, Treasuries, private credit, or funds. Their market capitalization can rise when the underlying asset appreciates, but it can also grow when issuers create more tokens backed by additional assets or list more products.

On-Chain Gold Supply Doubled as Prices Rose Nearly 20%

CryptoRank said in a recent report that gold prices rose nearly 20% during the period. That increase alone did not account for the growth in tokenized assets.

The amount of gold held on-chain roughly doubled, rising from 524,000 ounces to more than 1 million ounces. CryptoRank attributed the difference between price growth and market expansion to additional issuance.

“The growth came from issuance rather than price,” CryptoRank said.

A year earlier, precious metals represented nearly 100% of openly traded tokenized assets, according to CryptoRank. Tether Gold (XAUT) and PAX Gold (PAXG) accounted for most of that market capitalization.

By June 2026, precious metals’ share of the sector had declined to 68% as additional asset classes entered the tokenized-assets market.

BeInCrypto’s report, Real State of Tokenization in 2026, tracked nearly $60 billion in tokenized real-world assets across more than 7,000 products and 12 asset classes. The report found that the market is growing quickly, while actual on-chain activity remains far thinner than headline figures indicate.

That gap matters because tokenization growth can reflect product creation and asset backing before it reflects broad secondary-market use. Trading activity, holder distribution, redemption processes, and exchange availability remain important indicators for assessing whether newly issued tokenized products are gaining practical adoption.

Tokenized Equities Entered the Market From Zero

Tokenized stocks and exchange-traded funds (ETFs) grew from zero to 23% of the sector in 12 months as issuers brought shares of major companies on-chain. Treasuries and private credit account for most of the remaining market share.

By token count, rStocks and Ondo issue close to two-thirds of all tokenized stocks. rStocks lists 568 tokens, while Ondo lists more than 400. Their products include single-name exposures such as NVIDIA and Apple, as well as index products.

Centralized exchanges entered the market later but moved quickly. Binance launched bStocks in June 2026, and Gate followed on July 3 with gStocks.

During the same year, meme coins, decentralized physical infrastructure networks (DePIN), and blockchain infrastructure recorded the steepest sector declines.

How Crypto Sector Capitalizations Changed Over One Year While the capitalization of most sectors declined, Tokenized Assets grew 267%. Where do you think the growth came from? The answer in our full story 👇 pic.twitter.com/rTnq2FiqLf — CryptoRank.io (@CryptoRank_io) July 25, 2026

https://x.com/CryptoRank_io/status/2081004175366684962?ref_src=twsrc%5Etfw

CryptoRank also ranked tokenized assets as the most-listed category on centralized exchanges during the first half of 2026. The ranking highlights issuance as a central factor in the sector’s performance this year, while also making exchange listings and actual usage key areas to monitor as more asset classes move on-chain.