The tokenization of real-world assets is shifting from experimental pilots into institutional use. By early 2026, on-chain tokenized assets (excluding traditional stablecoins) had already surpassed $25 billion, with U.S. Treasuries, private credit, and commodities accounting for much of that total.
Datavault AI (DVLT) added a concrete data point to that trend on Sept. 15, announcing a $100 million initial purchase order for its $QEST tokenization services. The order marks the commercial launch of its Information Data Exchange, NILvault, and American Political Exchange platforms. Its shares responded the next day sharply, gaining 12.62%.
