Assets managed on public blockchains through tokenization have climbed to an all-time high of roughly US$270 billion, according to industry data published on 17–18 August. The total covers tokenized versions of currencies, commodities, US Treasuries, private credit, private equity and venture-capital stakes, underscoring accelerating adoption of blockchain rails for traditional financial instruments. USD-denominated stablecoins remain the dominant segment. Tether’s USDT issued on the Tron network is the single largest tokenized asset, while non-yield and yield-bearing stablecoin products together account for the bulk of the market. Eleven of the 20 biggest tokenized assets are hosted on Ethereum, with Solana hosting two and eight other networks—including Tron, Base, Arbitrum and Avalanche—each supporting one. Separately, on-chain analytics firm Nansen reported that activity on Avalanche more than doubled in the past month to over 1.3 million daily transactions, signaling growing infrastructure demand as tokenization scales.