Tokenized real-world assets reached $19.3B by Q1 2026, according to CoinGecko’s latest RWA Report. Tokenized Treasuries remain the dominant asset class, while tokenized gold trading volume reached $90.7B during Q1 2026 alone.
Institutional capital markets infrastructure is moving on-chain.
The critical issue for Europe is the control of settlement infrastructure, liquidity routing and distribution access inside tokenized financial markets.
Tokenized U.S. Treasuries currently represent the majority of tokenized RWA market capitalization globally. Dollar-denominated stablecoins and Treasury-backed collateral continue to dominate on-chain liquidity and settlement activity.
European institutions are now accelerating the buildout of regulated digital money and tokenized market infrastructure.
Societe Generale - FORGE launched the EURCV stablecoin under MiCA. AllUnity introduced the EURAU stablecoin.
Deutsche Börse Group is expanding blockchain-based market infrastructure initiatives.
Euroclear, ABN AMRO Bank N.V., BNP Paribas and Crédit Agricole CIB are actively participating in tokenized collateral, settlement and digital asset infrastructure initiatives across Europe.
At the sovereign infrastructure level, the ECB’s Appia and Pontes initiatives are preparing interoperability between distributed ledger infrastructure and the TARGET ecosystem.
Europe is building:
• regulated euro stablecoins
• tokenized deposit infrastructure
• programmable collateral systems
• DLT-connected settlement rails
• institutional compliance infrastructure
• interoperable treasury and liquidity architecture
The report also highlights the rapid expansion of tokenized commodities and tokenized private credit markets. Institutional demand is increasingly focused on:
• real-time collateral mobility
• 24/7 settlement infrastructure
• programmable liquidity
• interoperable balance-sheet management
• compliant on-chain capital markets infrastructure
This is becoming a core strategic infrastructure shift for European finance.
The institutions that control compliant liquidity, settlement connectivity, collateral infrastructure and distribution access will shape the next operating layer of European capital markets.
At Venturebloxx, this is exactly what we track how the new monetary systems are evolving and which institutions control the rails.
Follow for institutional insights on how Europe’s monetary architecture is being rebuilt.
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Michael Wutzke Finance Loop - Alliance for Emerging Technologies in Finance
➤ Tokenized real-world assets are projected to reach $19.3B by Q1 2026, with tokenized Treasuries and gold being dominant asset classes.
➤ European institutions are actively building regulated digital money and tokenized market infrastructure, focusing on settlement, liquidity, and collateral management.
➤ The control of compliant liquidity, settlement, collateral, and distribution access will be crucial in shaping the future of European capital markets.
