America’s RWA Tokenization Drive Could See $100T on Ethereum Rails

America is coming on-chain, and it is using Ethereum as its ledger, said Ryan Sean Adams from Bankless on Thursday. “In the coming decades, I believe Ethereum could become the root of trust for $100 trillion in American capital markets,” he ￰2￱ said that America’s real-world asset tokenization drive could see as much as $120 trillion in stocks, bonds, and exchange-traded products go on-chain in a “multi-decade transformation.” “In short, tokenization has been mostly illegal in the ￰3￱ 2024, but not only has it become legal in 2025, it’s now being pushed by the ￰4￱ in an effort to modernize ￰5￱ Street and FinTechs are incented to make this happen.” RWA Onchain Value at ATH With the US dollar as the world’s reserve currency and US treasuries as the world’s reserve asset, Ethereum will become the world’s ledger, he ￰6￱ are still underestimating ￰7￱ don’t know America is coming onchain and it’s using Ethereum as its ledger.

I demonstrated that Ethereum is leading in real world asset market share but let’s add another dimension. Let’s talk ￰8￱ the coming decades I… ￰0￱ — RYAN SΞAN ADAMS – ￰9￱ (@RyanSAdams) September 11, 2025 Ethereum’s total value locked growth is looking like early 2021, he said in a separate ￰10￱ to DeFiLlama, the Ethereum ecosystem TVL is currently $94 billion, which isn’t far from its 2021 peak of $108 ￰11￱ the past three months, it has surged 57%. Ethereum is “the fastest growing economy ever,” observed ‘Milk Road,’ adding that it clears more value than Visa, has more dollars circulating than PayPal, and institutions are stacking it as a major treasury asset.

“Ethereum is no longer just a blockchain. It’s a digital economy scaling faster than anything we’ve seen before.” Real-world asset value on-chain hit an all-time high this week of $29 billion, excluding stablecoins and $307 billion including them, according to ￰12￱ than 75% of this total value is tokenized on Ethereum, layer-2 networks, and EVM (Ethereum virtual machine) protocols. Additionally, a recent Bloomberg report indicated that BlackRock was planning to tokenize its ￰13￱ did not mention Ethereum directly, but it could be the chosen network since the firm’s tokenized money-market fund ( BUIDL ) was launched on ￰14￱ article from my colleague @olgakharif about BlockRock’s plans to tokenize ETFs and other ￰15￱ like everyone downplaying digital assets being proven wrong over the last ￰16￱ downplaying tokenization will likely be proven wrong as well ￰1￱ — James Seyffart (@JSeyff) September 11, 2025 Ether Price Outlook ETH prices tapped a two-week high of $4,530 during early Asian trading on Friday ￰17￱ asset is now up 2.8% on the day and is just 8.5% away from its all-time ￰18￱ analysts still expect a big September correction, but Ether has remained largely sideways for the past month as support above $4,200 solidifies.