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. The numbers behind the quarter Avalanche’s tokenized US government debt hit $545 million at the close of Q3 2026. That figure rose 14% quarter-over-quarter. Over the course of 2026, it has grown fourfold. The biggest name in that category is BlackRock’s BUIDL fund. BUIDL holdings on the network peaked at 907.2 million tokens, worth roughly $907 million, in mid-July 2026. By early October, that count had dropped to about 483 million tokens. The research attributes the slide to redemptions, along with the usual ebb and flow of institutional minting. Zooming out, BUIDL is not a one-chain ...