Avalanche tokenized assets rise to $1.3B in Q4 2025, BlackRock fund cited

Blockchain network Avalanche saw the total value locked (TVL) of tokenized real-world assets climb to more than $1.3 billion in Q4 2025, a 68.6% quarterly increase and nearly 950% year-over-year rise, driven in part by the $500 million BlackRock USD Institutional Digital Liquidity Fund (BUIDL) that launched in November, Messari research analyst Youssef Haidar said in a report on Thursday.

Haidar’s report also cited institutional activity that boosted tokenization on Avalanche, including a November partnership between Fortune 500 fintech FIS and Avalanche-based marketplace Intain to launch tokenized loans; Intain enables about 2,000 US banks to securitize over $6 billion worth of loans on Avalanche.

The S&P Dow Jones collaboration with Dinari to launch the S&P Digital Markets 50 Index on Avalanche was also noted. The report says traditional finance firms are increasingly experimenting with crypto tokenization amid what it described as a Securities and Exchange Commission led by Paul Atkins that has shown openness to approving more innovative crypto products over the past year.

Asset managers Bitwise and VanEck filed S-1s late last year for spot Avalanche exchange-traded funds that included staking, and VanEck’s spot Avalanche ETF launched on Monday, the report said. Despite the growth in tokenized assets, the Avalanche native token AVAX underperformed in Q4, falling 59% to $12.3, and slid a further 10.5% so far in 2026 to around $11.

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