Tokenized Treasurys and Commodities Set the RWA Agenda for 2026

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Tokenized US Treasurys remain the gateway product for RWA adoption, with funds like BlackRock’s BUIDL, Franklin Templeton’s BENJI, Circle’s USYC, and Ondo’s OUSG pushing the segment into multi-billion-dollar territory.

Looking ahead, Vincent Liu said the key constraint is no longer tokenization itself, but liquidity and TradFi integration. In 2026, attention will shift toward usage, collateralization, and secondary market flow.

At the same time, rising gold and silver prices are driving renewed interest in tokenized commodities, now nearing $4 billion in market cap. As price strength fuels issuance and liquidity, Liu expects commodities to evolve from niche RWAs into macro-relevant onchain collateral.

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funny how crypto spent years trying to escape tradfi and now treasuries are sprinting back to it for survival