RWA's total market capitalization surpassed $65 billion, with Ethereum leading the pack at 33%.

CoinFeed reported on May 20th, citing The Block, that the total market capitalization of Real-World Assets (RWA) has surpassed $65 billion, a 44% increase since the beginning of the year, as traditional asset management companies accelerate the on-chaining of tokenized assets. Ethereum holds approximately 33% of the market share, maintaining its position as the default platform for institutional tokenization. The Provenance blockchain holds approximately 27% of the market share, while BNB Chain, XRP Ledger, and Solana each hold approximately 6%. The distributed market structure indicates that no clear winner has yet emerged in the RWA space, and there is still significant room for market share fluctuations as chains differentiate themselves through compliance tools, settlement finality, and cost structures. Due to the high stickiness of RWA funds, blockchains that secure institutional partnerships early on will gain a sustained advantage.