Onchain Capital Shifts Toward Equities and Commodities as Tokenized RWAs Approach $30 Billion Milestone. Image source: AI-generated
Bitget, a leading cryptocurrency exchange and Web3 company, today released two comprehensive market reports highlighting a pivotal shift in the Real-World Asset (RWA) landscape and the resilience of digital assets amid ongoing macroeconomic volatility.
The Rise of the Retail Access Layer
Tokenized RWAs are nearing a historic $30 billion threshold, with the current onchain value sitting at approximately $27.6 billion. While U.S. Treasuries continue to command the largest market share at $12.8 billion, the most significant growth is occurring in tokenized equities and commodities.
Tokenized equities, in particular, have emerged as a high-growth segment. Over the last year, the sector expanded from $374 million to nearly $1 billion, while the number of holders surged from 2,000 to over 207,000.
“That divergence suggests this category is developing less as an institutional allocation product and more as a retail access layer,” said Ignacio Aguirre, CMO at Bitget. “Smaller users are entering through fractional exposure and continuous trading availability rather than large capital concentration. Demand is moving toward assets that offer directional exposure and simpler market entry across jurisdictions.”
Macro Pressures and the Crypto “Liquidity Buffer”
While RWA adoption accelerates, the broader macro environment remains defensive. Volatility in the energy sector, driven by fluctuating U.S.-Iran negotiations and threats of blockades in the Strait of Hormuz, has kept crude oil prices elevated between $90 and $100 per barrel.
These inflationary pressures have led analysts to project a more hawkish stance from the Federal Reserve, potentially delaying interest rate cuts into late 2026. Despite this “risk-off” environment, Bitcoin (BTC) has shown remarkable strength, holding firm near the $75,000 mark.
“Recent breakdowns in talks have pushed crude higher, injecting persistent inflationary pressure that complicates the Fed’s path,” noted Ryan Lee, Chief Analyst at Bitget Research. “This dynamic supports a risk-off tilt in traditional assets while bolstering BTC near $75,000 and ETH around $2,300 as a liquidity buffer, with gold also firming amid uncertainty.”
Looking Ahead
Bitget Research indicates that while near-term caution is warranted, a diplomatic breakthrough in energy-producing regions could serve as a massive catalyst for both crypto and equity markets. A reduction in energy costs would likely unlock Federal Reserve easing, triggering a broad-based market rally.
For now, the trend remains clear: onchain capital is no longer just seeking “safe” treasury yields; it is actively pursuing global market access and liquidity through the next generation of tokenized assets.
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