RWA Market Hits $51 Billion by May 2026, Private Credit Accounts for 44%

According to Bernstein Research data cited by Cointelegraph, the tokenized real-world assets (RWA) market reached $51 billion by May 2026, with year-to-date growth of 42%. Private credit emerged as the largest segment, representing 44% of total market value.

Figure Technology Solutions leads RWA platforms with $18 billion in tokenized assets, followed by Securitize and Paxos with approximately $4.2 billion each. U.S. Treasury securities account for about 30% of the market, while commodities represent 14%. Decentralized derivatives exchange Hyperliquid recorded $2.6 billion in open interest for RWA-related contracts in May, with trading volume reaching $65 billion in April.