$ETH

ETH

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+8.51%

Tokenized Treasurys Drive Growth

​Tokenized U.S. Treasurys have been the dominant growth vector in the RWA space. According to the report and data from RWA.xyz, onchain Treasurys more than doubled in 2025, climbing substantially from $3.91 billion to $8.68 billion. This rapid adoption underscores the market's preference for holding government debt when attractive yields are available with minimal incremental risk compared to assets like stablecoins.

​Ethereum remains the most dominant blockchain network for these assets, holding over $4.9 billion of tokenized U.S. Treasurys. CoinShares expects these government debt-backed products to lead the next major phase of expansion throughout 2026.