MarketVector Indexes has launched two new benchmarks focused on stablecoin and real-world asset (RWA) tokenization infrastructure, along with the debut of two exchange-traded funds from US issuer Amplify ETFs designed to track the index.
According to Tuesday announcementThe MarketVector Stablecoin Technology Index and the MarketVector Tokenization Technology Index are designed to provide investors with regulated exposure to digital asset companies and products involved in stablecoin issuance, payments and settlements, as well as platforms that support tokenized RWAs.
The company also announced the launch of two funds from Amplify ETFs linked to the new benchmarks. The Amplify Tokenization Technology ETF (TKNQ) tracks a tokenization-focused index, while the Amplify Stablecoin Technology ETF (STBQ) tracks the stablecoin benchmark.
Both funds are structured to follow MarketVector’s benchmarks rather than directly holding stablecoins or tokenized assets. The ETFs will trade on the NYSE Arca exchange in the United States.
Based in Germany, MarketVector is an index provider and regulated administrator of benchmarks overseen by BaFin, with benchmarks licensed by issuers of exchange-traded products worldwide.
The company did not disclose which companies or products are currently included in the index.
Related: China’s financial associations are reclassifying RWAs as ‘risky’, the report says
Stablecoin and RWA growth in 2025
Stablecoin and tokenization of real-world assets were among the key narratives shaping crypto markets in 2025.
Data from DeFiLlama shows that the stablecoin market capitalization is currently $308.6 billion, up more than 50% from the end of 2024.
Despite the launch of several new stablecoins last year, the market remains highly concentrated. Tether’s USDt (USDT) accounts for about 60% of the total stablecoin market cap, while Circle’s USDC (USDC) represents about 24% of the market.
Real-world asset tokenization, the process of representing traditional financial assets as blockchain-based tokens, has seen even faster growth in 2025.
According to data from RWA.xyz, the total value of tokenized RWAs has risen to about $19.6 billion at the time of writing, up from roughly $5.55 billion at the end of 2024, an increase of about 250%.
Tokenized U.S. Treasury debt accounts for roughly $9 billion of the total RWA market, driven largely by products such as BlackRock’s BUIDL, Circle’s USYC, and Franklin Templeton’s BENJI, which tokenize short-term government securities.
Several crypto industry executives who spoke to Cointelegraph late last year said they expect real-world adoption of stablecoins and tokenized assets to continue to grow in 2026.
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