RWA market cap$34.8B1.4%
Stablecoin market cap$298.9B1.0%
US Treasury Debt$15.9B2.2%
Commodities$4.5B2.7%
Asset-Backed Credit$2.3B0.6%
Specialty Finance$2.0B2.3%
Stocks$1.8B8.2%
Corporate Credit$1.8B0.2%
Active Strategies$1.8B4.2%
non-US Government Debt$1.4B0.9%
Private Equity$1.1B3.8%
Venture Capital$1.0B0.2%
Diversified Credit$869M0.9%
Real Estate$203M0.0%
RWA market cap$34.8B1.4%
Stablecoin market cap$298.9B1.0%
US Treasury Debt$15.9B2.2%
Commodities$4.5B2.7%
Asset-Backed Credit$2.3B0.6%
Specialty Finance$2.0B2.3%
Stocks$1.8B8.2%
Corporate Credit$1.8B0.2%
Active Strategies$1.8B4.2%
non-US Government Debt$1.4B0.9%
Private Equity$1.1B3.8%
Venture Capital$1.0B0.2%
Diversified Credit$869M0.9%
Real Estate$203M0.0%
TAC Research · 2026 Leadership Survey

The State of Tokenization 2026

What's top of mind for the leaders in tokenization.

73 respondents · 47+ organizations · Fielded June 2026

73
Industry leaders surveyed
60%
Founders, CEOs & executives
47+
Organizations represented
71%
Access to institutional distribution / demand
Who responded

Founders, investors, and operators from across the tokenized-asset industry.

Respondent organization logo
Respondent organization logo
Respondent organization logo
Respondent organization logo
Respondent organization logo
Respondent organization logo
Respondent organization logo
Respondent organization logo
The room

Who's in it

A free look at the makeup of the respondents before the full results.

Role

Single choice, so shares add up to 100%.

66RESPONSES
  • Founder / CEO / executive67% · 44
  • Investor (VC, PE, allocator)12% · 8
  • Research / academia / journalism8% · 5
  • Product / engineering6% · 4
  • Capital markets / trading / treasury5% · 3
  • Legal / compliance / regulatory3% · 2

Part of the stack they work on

Multi-select: respondents could choose several, so shares add up past 100%.

  • 01Tokenized securities (equities, debt, funds)55% · 40
  • 02Tokenized real-world assets (real estate, commodities, private credit)51% · 37
  • 03Stablecoins / tokenized cash45% · 33
  • 04Infrastructure (custody, transfer agents, settlement)23% · 17
  • 05Asset management / issuance16% · 12
  • 06L1/L2 protocols12% · 9
  • 07Trading venues / market structure (ATS, AMM, DEX)7% · 5
  • 08Legal / tax / advisory services7% · 5
The rest is gated

Unlock the full results.

Priorities, demand pools, blockers, and the channels and formats leaders prefer. Drop your details to read the rest.

Unlocking subscribes you to the Progress Bar. One email a week. Unsubscribe anytime.

The 2026 Leadership Survey was fielded by the Tokenized Asset Coalition in June 2026. Back to the Research Hub.