Tokenized institutional alternative funds (IAFs) reached $1.74 billion, led by Ethereum with $1 billion in value. Growth was driven by Centrifuge ($704M) and Securitize ($652M), while monthly active addresses fell to 21,867—RWA.xyz data shows increasing total holders and concentrated institutional activity.
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IAFs total value: $1.74B
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Top issuers: Centrifuge ($704M), Securitize ($652M), Superstate ($206M)
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Network breakdown: Ethereum $1B; Mantle $218.8M; ZKsync Era $214.8M
Tokenized institutional alternative funds hit $1.74B; Ethereum leads with $1B. Read issuer, network and market insights from RWA.xyz data—explore trends and implications.
Ethereum leads tokenized institutional alternative funds with $1 billion in value, accounting for more than half of the market.
Tokenized institutional alternative funds (IAFs) surged 47% in the last 30 days to a combined $1.74 billion, per RWA.xyz data. This growth highlights accelerating institutional demand for real-world asset (RWA) tokenization and concentrated market leadership among a few issuers and networks.
What are institutional alternative funds?
Institutional alternative funds (IAFs) are professionally managed vehicles that invest in alternatives such as private equity, private credit, hedge funds, venture capital, real estate and infrastructure. Tokenized IAFs move these structures onto blockchains to enable faster settlement, broader investor access and greater on-chain transparency.
RWA.xyz data shows tokenized IAFs growing in value even as monthly active addresses fell by over 50% to 21,867, while holders increased 13.5% to 114,922. This suggests consolidation among institutional addresses and a rising base of long-term holders.
How did issuer and protocol rankings change in the last 30 days?
Centrifuge led issuer growth with a 252% increase to $704 million, giving it a 40.4% market share of tokenized IAFs. Securitize followed with $652 million across 14 tokenized IAFs (about 37.5% market share). Superstate and OnRe held $206 million and $102 million respectively.
Centrifuge’s footprint expanded beyond IAFs, adding nearly $400 million in tokenized US Treasury products and bringing its total value locked to over $1 billion—paralleling milestones seen in traditional asset tokenization initiatives like BlackRock’s BUIDL fund and product launches at Ondo Finance (reported publicly as industry milestones).
Why is Ethereum the dominant network for tokenized IAFs?
Ethereum hosts roughly $1 billion of tokenized IAF value, more than half the market. Its dominance is driven by deep liquidity, established token standards and broad institutional tooling support. Alternative chains such as Mantle ($218.8M), ZKsync Era ($214.8M), Solana ($135.2M), Plume ($59.2M) and Avalanche ($41.2M) also host meaningful pools of tokenized funds.
How to evaluate tokenized IAFs?
Evaluate tokenized IAFs with a structured checklist focused on issuer quality, on-chain metrics, legal frameworks and network resilience.
- Issuer due diligence: Review issuer track record, regulatory status and fund governance arrangements.
- On-chain liquidity: Check TVL, token distribution and secondary market depth.
- Legal wrapper: Confirm legal structure, transfer restrictions and investor protections.
- Network security: Assess blockchain security, smart contract audits and bridge risk.
- Performance & reporting: Require transparent periodic reporting and audited NAVs.
Frequently Asked Questions
How much value do tokenized institutional alternative funds hold?
Tokenized institutional alternative funds currently hold $1.74 billion in combined value, a 47% increase over the last 30 days as reported by RWA.xyz.
What blockchains host the most tokenized IAFs?
Ethereum is the largest host with about $1 billion in tokenized IAFs. Other networks with notable IAF value include Mantle, ZKsync Era and Solana.
Key Takeaways
- Market size: Tokenized IAFs reached $1.74B, up 47% in 30 days.
- Issuer concentration: Centrifuge and Securitize together account for the majority of IAF value.
- Network dominance: Ethereum hosts over half the IAF market, with growing multi-chain adoption.
Conclusion
Tokenized institutional alternative funds are scaling rapidly, with Ethereum and a small set of issuers driving most growth. RWA.xyz data shows both consolidation among active institutional addresses and rising long-term holders. For investors and institutions, focus on issuer governance, legal wrappers and network security when evaluating tokenized IAF opportunities. COINOTAG will continue to monitor RWA.xyz and industry developments for updates.
