Tokenized asset deposits rose threefold to $7.4 billion, according to CoinShares. The growth was led by gold, Treasuries and the S&P 500 while decentralized exchange spot volumes fell by roughly 70%.
Tokenized asset deposits rose threefold to $7.4 billion, according to CoinShares. The growth was led by gold, Treasuries and the S&P 500 while decentralized exchange spot volumes fell by roughly 70%.
Gold, Treasury products and S&P 500-linked assets stood out as the main drivers of the increase. Those categories suggest investors and platforms are continuing to test blockchain-based access to familiar markets, rather than only crypto-native assets.
Tokenized asset deposits tripled to $7.4 billion, according to CoinShares, even as activity in parts of decentralized finance contracted. The growth was led by tokenized exposure tied to gold, Treasuries and the S&P 500.
The shift matters because it points to continued demand for tokenized versions of traditional assets at a time when decentralized exchange activity was under pressure. CoinShares said spot volumes on decentralized exchanges fell by roughly 70% over the same period.
Gold, Treasury products and S&P 500-linked assets stood out as the main drivers of the increase. Those categories suggest investors and platforms are continuing to test blockchain-based access to familiar markets, rather than only crypto-native assets.
The contrast also highlights a split within the broader crypto ecosystem. While DeFi trading volumes declined sharply, tokenized asset deposits expanded, showing that different parts of the market can move in opposite directions.
CoinShares’ figures frame tokenization as one of the areas gaining traction despite weaker decentralized exchange volumes. The data does not indicate whether the trend will continue, but it underscores how real-world asset products have become a more visible part of crypto market activity.
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