Tuesday, February 24, 2026 · U.S. Tokenization Intelligence
AMERICA TOKENIZATION
The Vanderbilt Terminal for U.S. Asset Tokenization
INDEPENDENT INTELLIGENCE FOR THE AMERICAN TOKENIZATION ECONOMY
US Tokenized RWA Market $36B+ +380% since 2022
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BUIDL Fund AUM $2.5B BlackRock · Largest tokenized fund
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SEC-Registered Platforms 12+ ATS + Transfer Agent licenses
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Tokenized US Treasuries $9B+ +256% YoY
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US VC into Tokenization $34B 2025 total · doubled YoY
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Broadridge DLR Daily Volume $384B +490% YoY · Dec 2025
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Securitize AUM $4B+ +841% revenue growth 2025
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Tokenized Private Credit $19B+ Figure Technologies leads at $15B
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US Tokenized RWA Market $36B+ +380% since 2022
·
BUIDL Fund AUM $2.5B BlackRock · Largest tokenized fund
·
SEC-Registered Platforms 12+ ATS + Transfer Agent licenses
·
Tokenized US Treasuries $9B+ +256% YoY
·
US VC into Tokenization $34B 2025 total · doubled YoY
·
Broadridge DLR Daily Volume $384B +490% YoY · Dec 2025
·
Securitize AUM $4B+ +841% revenue growth 2025
·
Tokenized Private Credit $19B+ Figure Technologies leads at $15B
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Private-Credit

Apollo Global Management — Tokenized Credit and the Private Wealth Channel

Apollo Global Management, with $733B AUM, is pursuing tokenized credit distribution to access $60 trillion in private wealth currently underallocated to alternatives.

Feb 1, 2026

Hamilton Lane — Infrastructure Intelligence for Tokenized Alternatives

Hamilton Lane has raised $150M+ via tokenized fund issuances and estimates that 90% of global wealth currently has zero access to institutional alternatives.

Feb 1, 2026

Real-World Assets (RWA)

Real-world assets (RWA) are physical or traditional financial assets — real estate, bonds, commodities, private equity, art — that have been tokenized and represented on a blockchain, enabling on-chain ownership, transfer, and programmable yield.

Feb 1, 2026

Tokenized Private Credit

Tokenized private credit is the largest RWA category at $19B+ globally, led by Figure Technologies' $15B in blockchain-originated HELOCs and Maple Finance's $2B in institutional on-chain loans.

Feb 1, 2026

Tokenized Private Credit Tracker

The $19B+ tokenized private credit market — from Figure's HELOCs to Maple Finance institutional loans to Goldfinch emerging market credit — mapped and tracked.

Feb 1, 2026
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