Real-World Asset Tokenization Market Insights 2025

Estimated reading time: 4 minutes

• RWA tokenization market grew by over 260%, from $8.6 billion to $23 billion in the first half of 2025.
• Tokenized private credit represents 58% of the market, while tokenized U.S. Treasury debt accounts for about 34%.
• Regulatory clarity has fostered confidence in blockchain financial products.
• Tokenization enhances liquidity, democratizes access, and increases transparency in asset management.
• Outlook remains positive with significant growth expected, especially in the commercial real estate sector.

The tokenization of real-world assets (RWAs) has seen significant growth during the first half of 2025. The market has increased by over 260%, rising from $8.6 billion to more than $23 billion[1]. This growth indicates a shift in the blockchain and financial sectors, as RWAs gain traction as a prominent technology in the financial landscape.

This momentum in RWA tokenization is largely driven by two key asset classes: tokenized private credit and tokenized U.S. Treasury debt. Tokenized private credit comprises approximately 58% of the market share, while tokenized U.S. Treasury debt accounts for around 34%[2]. The increase in market share reflects a growing recognition of how blockchain technology can enhance financial products and broaden market access.

Regulatory clarity has significantly influenced this expansion. As companies gain confidence in blockchain-based financial products, the adoption rate accelerates. The tokenization process involves converting tangible and financial assets into tokens on an immutable blockchain, making them accessible to a wider range of investors[3].

A supportive regulatory environment is essential, particularly in the absence of a dedicated framework for RWAs. Recent changes in cryptocurrency regulation indicate a growing acceptance of RWAs in the financial system. The U.S. Securities and Exchange Commission (SEC) has recognized RWAs as securities, and recent developments suggest a potentially favorable regulatory climate for this sector[4]. On May 29, 2025, the SEC issued new guidance on cryptocurrency staking, which has been viewed as a positive step towards more balanced regulation, according to Alison Mangiero, head of staking policy at the Crypto Council for Innovation[5].

Several key benefits contribute to the rapid adoption of RWA tokenization. One advantage is the increased liquidity for traditionally illiquid assets, simplifying the buying and selling process. Additionally, tokenization democratizes access to investment opportunities, allowing a wider array of investors to participate in the market. On-chain tracking enhances transparency in asset management, while reduced transaction costs compared to traditional finance further increase the attractiveness of tokenization[6].

The outlook for RWA tokenization remains positive as regulatory frameworks continue to develop. Analysts expect significant growth in the commercial real estate tokenization sector, projecting considerable expansion by 2035[7]. The World Economic Forum has highlighted this trend, examining the implications of tokenized asset classes in their evaluations of financial market tokenization[8].

The first half of 2025 marked a notable change in the understanding and function of RWA tokenization. As it evolves from a developing technology to a recognized financial innovation, its potential to transform asset management, trading, and accessibility on a global scale is significant. This advancement could reshape investment landscapes, creating new opportunities for both institutional and individual investors.

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1. AI News, June 5, 2025, “Rapid Growth and Integration of Real-World Asset Tokenization” https://www.ainvest.com/news/tokenization-real-world-assets-surges-260-23-billion-2025-2506/
2. AI News, June 5, 2025, “Rapid Growth and Integration of Real-World Asset Tokenization” https://www.ainvest.com/news/tokenization-real-world-assets-surges-260-23-billion-2025-2506/
3. AI News, June 5, 2025, “Rapid Growth and Integration of Real-World Asset Tokenization” https://www.ainvest.com/news/tokenization-real-world-assets-surges-260-23-billion-2025-2506/
4. AI News, June 5, 2025, “Rapid Growth and Integration of Real-World Asset Tokenization” https://www.ainvest.com/news/tokenization-real-world-assets-surges-260-23-billion-2025-2506/
5. TradingView, June 5, 2025, “RWA Token Market Grows 260 in 2025 as Firms Embrace Regulated Crypto” https://www.tradingview.com/news/cointelegraph:41eb35d8d094b:0-rwa-token-market-grows-260-in-2025-as-firms-embrace-regulated-crypto/
6. Tangem, n.d., “Real-World Assets (RWA)” https://tangem.com/en/blog/post/real-world-assets-rwa/
7. Deloitte, n.d., “Tokenized Real Estate Predictions” https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-predictions/2025/tokenized-real-estate.html
8. World Economic Forum, n.d., “Asset Tokenization in Financial Markets 2025” https://reports.weforum.org/docs/WEF_Asset_Tokenization_in_Financial_Markets_2025.pdf