Avalanche’s tokenized asset base tops $1.7 billion as BUIDL swings and Axiym sets a record

Blockworks' Q3 report shows tokenized Treasuries climbing, BlackRock's BUIDL fund riding a redemption rollercoaster, and stablecoin payments hitting new highs Avalanche wants to be the place where Wall Street parks its tokenized money. A new Blockworks report on the third quarter suggests that pitch is landing, at least with a few very large clients. Distributed real-world assets (RWAs) on the network reached approximately $1.73 billion as of October 12, 2026. Tokenized US Treasuries made up $545 million of that by the end of Q3. Meanwhile, payments firm Axiym quietly posted its biggest quarter ever.