According to RWA.xyz, tokenized institutional alternative funds (IAF) surged 47% in the past 30 days, with a total value reaching $1.74 billion.
Data shows that, except for Libre Capital, the value of all protocols increased in the past 30 days. Centrifuge achieved a 252% growth, with a market value reaching $704 million, accounting for 40.4% of the IAF market.
In addition to IAF, Centrifuge also has tokenized U.S. Treasury products worth nearly $400 million, bringing its total locked value (TVL) to over $1 billion. This prompted Centrifuge to join BlackRock's BUIDL fund and Ondo Finance, breaking the $1 billion RWA milestone.
Securitize follows closely, with 14 tokenized IAFs valued at $652 million, accounting for 37.5% of the market. Other notable protocols include Superstate and OnRe, valued at $206 million and $102 million respectively.
What are institutional alternative funds?
Institutional alternative funds are professionally managed investment tools that invest in non-traditional asset classes such as hedge funds, private equity, private credit, venture capital, and real estate.
Tokenizing these funds on the blockchain provides faster settlement, broader investor access, and higher transparency.
Data also shows that the number of active addresses decreased by 50% last month to 21,867, while the number of holders increased by 13.5% to 114,922, indicating that institutional or professional investors may be consolidating funds into fewer addresses, while new investors are also holding, showing long-term confidence in this investment tool.
Ethereum still dominates the tokenized IAF market
Data from RWA.xyz indicates that Ethereum remains the primary network for tokenized IAFs, with a total value reaching $1 billion, accounting for over half of the market. Mantle and ZKsync Era follow closely, valued at $218 million and $214.8 million respectively, while Solana is valued at $135.2 million.
