Canton Network holds nearly 90% of all represented tokenized asset value

Canton Network commands the represented RWA market

@CantonNetwork has emerged as the dominant force in tokenized real-world assets, accounting for $314.1B of the $353.1B in total represented value tracked by rwa.xyz. That gives the institutional blockchain network a share of roughly 89% in this specific category.

The distinction between asset types matters here. rwa.xyz distinguishes between distributed assets, which use the blockchain as an actual distribution layer letting investors hold and transfer tokens directly through their own wallets, and represented assets, which use the blockchain more as a recordkeeping or reference layer without full on-chain transferability. Canton's figures sit firmly in the represented category, meaning the assets are recorded on-chain but investors do not hold tokens in their own wallets.

Canton is a purpose-built bridge designed for financial institutions to execute atomic transactions across disparate networks, creating a unified ecosystem where liquidity can flow freely between regulated assets. Its scale in the represented segment is driven in large part by institutional repo activity. Broadridge's DLR, running on Canton, handles over $350 billion in daily repo transactions, allowing multiple financial institutions to settle repo agreements on a same-day basis, eliminating overnight risk and reducing manual reconciliation while maintaining privacy between counterparties.

Ethereum and BNB Chain lead the distributed segment

The picture looks very different when it comes to distributed assets, where investors do hold tokens directly. That segment totals $38.4B across all networks, with Ethereum at $17.3B and BNB Chain second at $5.8B.

Real-world assets refer to tangible or off-chain assets such as treasury bills, real estate, or commodities that are tokenized and represented on the blockchain. As capital markets increasingly converge with decentralised finance, RWAs have become one of the fastest-growing sectors in crypto.

Canton's institutional footprint continues to grow. The DTCC and Digital Asset are partnering to make DTC- and Fed-eligible securities available on Canton Network, with a broader industry rollout expected in the second half of 2026 including additional DTC- and Fed-eligible assets. rwa.xyz's data is cited by an institutional user base that includes JPMorgan, S&P Global, the International Monetary Fund, Moody's, DTCC, the U.S. Treasury Department, Fidelity, Citibank, and the World Economic Forum.

Sources:
rwa.xyz Networks Dashboard: Tokenized Real-World Asset Analytics
Blockchain Reporter: What Is rwa.xyz? Real-World Asset Tokenization Data Explained
Canton Network: DTC and Fed-Eligible Securities on Canton