Banks Divide RWA Rails Between Ethereum and Canton as Tokenised Market Hits $26.4B
- More than US$26.4 billion in real-world assets are now deployed on-chain, with over US$15 billion routed through Ethereum as the primary public distribution layer for tokenised assets.
- Canton Network processed more than US$6 trillion in RWA value during 2025 and now moves over US$350 billion in assets daily.
- Cross-chain pricing discrepancies of 1–3% and capital transfer costs of 2–5% persist across fragmented blockchains.
Banks are increasingly splitting tokenised asset activity across two types of blockchain.
Public chains such as Ethereum are being used for liquidity, distribution and DeFi access. Private networks such as Canton are being used for settlement and transactions that institutions do not want exposed on public infrastructure.
That split is becoming more important as tokenised real-world assets grow. On-chain RWA holdings have passed US$26.4 billion (AU$38.8 billion), while moving assets between chains can add 2% to 5% in extra cost.
Ethereum remains the main public venue, with more than US$15 billion (AU$22.1 billion) in tokenised assets.
But Canton has become a major private settlement network. It processed more than US$6 trillion (AU$8.82 trillion) in RWA value in 2025 and is now handling over US$350 billion (AU$514.5 billion) a day. Its users include JPMorgan, DTCC, Nasdaq, Goldman Sachs, SBI Holdings, BNY and Lloyds Bank.
The latest step came on March 9, when Zenith launched as an execution layer for Canton. That means developers can use standard Solidity code on the network instead of learning Canton’s native Daml language. Mainnet is scheduled for the second quarter of 2026.
Related: Cardano’s ADA Now Accepted at Swiss Spar Supermarkets Through DFX Integration
Market Scale and Projections For RWAs
Well, the broader market is growing fast, but the structure is still fragmented. The main problem is interoperability. The same asset can trade at price gaps of 1% to 3% across different chains. That means tokenisation is scaling, but the market still lacks a simple way to connect regulated private networks with deeper public liquidity.
All in all, it’s considered a leading sector in the crypto industry. Tokenised assets, excluding stablecoins, reached US$36 billion (AU$52.9 billion) by late 2025. McKinsey sees the market reaching US$2 trillion (AU$2.94 trillion) by 2030.
Even Standard Chartered and Synpulse have projected as much as US$30.1 trillion (AU$44.25 trillion) by 2034.
Read more: Ethereum Foundation Positions Blockchain as Trust Layer for the Age of AI
The post Banks Divide RWA Rails Between Ethereum and Canton as Tokenised Market Hits $26.4B appeared first on Crypto News Australia.
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