Avalanche's tokenized asset base tops $1.7 billion as BUIDL swings and Axiym sets a record
RWA Signal Insight
U.S. TreasuriesAvalanche has emerged as a significant hub for institutional real-world assets, with distributed RWA value reaching approximately $1.73 billion by October 2026. Tokenized U.S. Treasuries on the network experienced steady growth, rising 14% quarter-over-quarter to reach $545 million by the end of Q3. BlackRock’s BUIDL fund remains a primary driver of this activity, though its holdings on Avalanche fluctuated from a peak of $907 million in July to $483 million by October due to institutional redemptions. Beyond investment funds, the payments firm Axiym achieved record performance, processing $529 million in stablecoin volume during Q3 2026. This growth pushed Axiym’s lifetime volume past $2 billion, marking a 4.4x year-over-year increase. While total represented RWA figures on Avalanche exceed $11 billion, the distributed $1.73 billion figure is considered a more accurate reflection of active market participation. The data highlights a shift where stablecoin-based settlement for cross-border remittances is becoming as critical to the network's institutional adoption as tokenized Treasury funds. This trend underscores the importance of sticky payment activity in diversifying the RWA ecosystem beyond volatile fund balances.
Key points
- Avalanche distributed RWA value reached $1.73 billion as of October 12, 2026.
- Tokenized U.S. Treasuries on Avalanche grew 14% in Q3 to $545 million.
- Axiym processed a record $529 million in stablecoin payments during Q3 2026.
- BlackRock's BUIDL fund holdings on Avalanche declined from $907 million to $483 million.
Background
Avalanche is a high-performance, layer-1 blockchain platform known for its sub-second transaction finality and customizable subnets. It allows institutions to deploy private or public chains with built-in compliance features, making it a preferred environment for tokenizing traditional financial assets like government bonds and stablecoin-based payment rails.