BitGo Takes Lead in $26.6B Real-World Asset Market With 27.5% Share
Infrastructure
BitGo has emerged as the leading provider in the real-world asset (RWA) sector, capturing a 27.5% share of the total value locked (TVL) which amounts to approximately $7.3 billion. The broader RWA market has reached a total TVL of $26.6 billion across 21 projects, reflecting a significant 174.6% increase. Securitize and Ondo Finance follow as major players with 14.9% and 13.4% market shares respectively, while BlackRock holds 10.3%. Ethereum remains the dominant blockchain for these assets, hosting $15.1 billion or 56.6% of the total sector value. Despite Ethereum's lead, activity is diversifying across other networks including zkSync Era, Avalanche, and Solana. Monthly active addresses have surged by 61.3% to 10.1 million, largely driven by Robinhood's user base. This data highlights a maturing market where institutional and crypto-native infrastructure providers are scaling rapidly to support tokenized assets.
Key points
- ▸BitGo leads RWA issuers with $7.3 billion TVL, representing 27.5% of the market.
- ▸Total RWA market TVL reached $26.6 billion, marking a 174.6% increase.
- ▸Ethereum dominates RWA activity with $15.1 billion, accounting for 56.6% of total TVL.
- ▸Monthly active addresses for RWA issuers grew 61.3% to 10.1 million.
Background
BitGo is a digital asset infrastructure provider that offers custody, wallet, and settlement services for institutional investors. It is widely known for issuing Wrapped Bitcoin (WBTC), which allows Bitcoin to be utilized within decentralized finance ecosystems on various blockchains. The company serves as a critical bridge between traditional financial institutions and the digital asset space.
Relevance
8/10