Introduction to RWA Tokenization and SkyBridge’s Strategic Move
Real-world asset (RWA) tokenization is revolutionizing finance by turning physical and financial assets into digital tokens on blockchains. This process boosts liquidity, transparency, and accessibility, making it a hot topic as institutions embrace decentralized tech to update traditional systems.
SkyBridge Capital, under Anthony Scaramucci’s leadership, recently announced a bold plan to tokenize $300 million in assets on the Avalanche blockchain. This move nearly doubles Avalanche’s RWA base and includes two key funds: one targeting cryptocurrencies like Bitcoin and another as a ‘fund of funds’ with venture and crypto assets. Partnering with Tokeny, a leader in institutional tokenization, SkyBridge aims to streamline this transition.
The RWA tokenization market has seen explosive growth, jumping 64.7% in 2025 to hit $26.4 billion, according to RWA.xyz. This surge is driven by the appeal of cutting out middlemen and improving investor access, mirroring broader shifts in digital finance.
While other projects, such as Ronin Network’s shift to Ethereum as a layer-2 solution, focus on areas like gaming, SkyBridge’s initiative highlights the growing interest in RWAs for their practical benefits in asset management.
Overall, this move signals a larger trend toward blockchain adoption, potentially speeding up mainstream acceptance and sparking more innovation in tokenized markets.
And I think the answer to those questions [is] ‘Yes,’ and I think throughout history, any time that the technology is better, we typically adopt it, even if there’s some resistance.
Anthony Scaramucci
Market Growth and Statistical Insights
Key Statistics of RWA Tokenization Market
The RWA tokenization market is expanding rapidly, backed by solid data showing increased adoption and locked value in blockchain networks.
RWA.xyz reports that the market value soared from $15.8 billion in late 2024 to $26.4 billion by mid-2025. Private credit leads the pack at 58.8%, followed by US Treasurys at 27.7%, indicating where most activity is concentrated.
Institutional heavyweights are jumping in, with BlackRock’s BUIDL fund and Franklin Templeton’s BENJI driving much of this growth. Their entries are motivated by desires for greater transparency, lower costs, and enhanced liquidity.
Real-world examples abound, like OpenEden’s collaboration with BNY Mellon to tokenize US Treasury assets, showcasing how traditional finance is integrating these innovations. Similarly, SharpLink Gaming’s accumulation of over 360,807 ETH reflects a broader corporate trend of treating digital assets as treasury holdings for passive income through staking.
Compared to the volatile crypto market, RWA tokenization offers more stability because it’s backed by tangible assets, reducing risk and appealing to cautious investors.
This maturation of the crypto ecosystem means RWAs are bridging old and new finance, making markets more resilient and attractive.
The RWA tokenization market has grown 64.7% in 2025 as asset managers are taken by promises of transparency and better investor accessibility.
RWA.xyz Report
Technological Underpinnings: Blockchain Integration
Avalanche Blockchain for RWA Tokenization
Blockchain is the backbone of RWA tokenization, providing decentralization, security, and efficiency through smart contracts and distributed ledgers.
Avalanche, a layer-1 blockchain, hosts $188 million in RWA tokenization value, ranking 12th globally with a total value locked of $1.9 billion. Its high transaction speed and low fees make it ideal for handling large-scale tokenized assets.
Innovations are popping up everywhere, like BitVM from BOB, which lets users employ Bitcoin in DeFi without giving up control. Meanwhile, Ronin Network’s move to Ethereum L2 taps into Ethereum’s institutional clout and scalability upgrades.
Tokeny’s expertise is crucial here, enabling firms like SkyBridge to integrate smoothly, slash operational costs, and speed up transactions compared to old-school systems.
While Ethereum’s proof-of-stake and growing L2 network offer stiff competition, Avalanche’s flexibility gives it an edge for specialized uses like RWAs.
This tech evolution is paving the way for wider adoption, as blockchains become more connected and capable of managing complex financial tools, hinting at future breakthroughs in asset tokenization.
Institutional Players and Evolving Strategies
Major Institutions in RWA Tokenization
Big institutions are key drivers of RWA tokenization growth, using smart investments and partnerships to push adoption forward.
SkyBridge Capital’s $300 million tokenization on Avalanche is a standout example, alongside efforts from BlackRock’s BUIDL and Franklin Templeton’s BENJI funds. These moves are all about gaining transparency, cutting costs, and improving liquidity.
Take SharpLink Gaming, which amassed over 360,807 ETH—this shows how companies are now viewing cryptocurrencies as treasury assets to earn staking yields, much like how RWAs generate returns.
Experts like Nic Carter of Castle Island back these innovations, highlighting Bitcoin’s role in DeFi, as seen in BOB’s successful $21 million funding rounds for Bitcoin-based layer-2 solutions.
On the flip side, some firms, such as BitMine, prefer share buybacks over expanding crypto holdings, showing diverse approaches to digital asset integration.
In short, institutional strategies are diversifying, with RWAs and crypto assets becoming central to financial planning, reflecting a broader shift toward digitalization in global finance.
I think the answer to those questions [is] ‘Yes,’ and I think throughout history, any time that the technology is better, we typically adopt it, even if there’s some resistance.
Anthony Scaramucci
Regulatory Landscape and Compliance Challenges
Navigating Regulations for RWA Tokenization
Regulations play a huge role in RWA tokenization, with uncertainties creating both opportunities and obstacles for growth.
The SEC’s delays in approving cryptocurrency ETFs, like Bitwise’s spot Bitcoin and Ether proposals, show regulatory caution that could slow innovation. Still, Ethereum’s clear compliance path continues to draw corporate interest.
For instance, OpenEden’s partnership with BNY Mellon for tokenized US Treasurys navigates existing financial rules by leveraging trusted banking infrastructure, ensuring legitimacy and trust.
In some places, like Wyoming—where Scaramucci has spoken—progressive laws foster blockchain adoption, while other regions lag, creating a messy patchwork of regulations that institutions must deal with.
This variety demands adaptive strategies, such as SkyBridge’s use of established partners like Tokeny to reduce risks and comply with anti-money laundering and securities laws.
Ultimately, a balanced regulatory approach is vital for sustainable growth, encouraging new ideas while protecting investors, and it might lead to global standards for RWA tokenization.
Future Outlook and Market Impact Predictions
Predictions for RWA Tokenization Growth
The future of RWA tokenization looks bright, with experts predicting continued expansion and deeper integration into mainstream finance.
Arthur Hayes, for example, forecasts that Ethereum could hit $10,000, thanks to institutional buzz and tech advances that could spill over into RWA markets. The market’s 64.7% growth in 2025 backs up this optimistic view.
Concrete changes are on the horizon, like Avalanche potentially climbing the rankings after SkyBridge’s investment, and the expansion of tokenized private credit and Treasurys, which already make up over 86% of the RWA market.
Compared to other crypto sectors, RWAs stand out for their lower volatility and real asset backing, making them a safer bet for investors wary of speculation.
Looking ahead, tokenization could transform asset management by enabling fractional ownership and global access, ultimately democratizing finance and boosting economic inclusion.
Arthur Hayes predicts ETH could reach $10,000, pointing to its steady performance relative to Bitcoin and growing institutional interest.
Arthur Hayes
Conclusion: Broader Implications for the Crypto Ecosystem
RWA tokenization is a game-changer for crypto, blending traditional finance with blockchain innovation to open up new possibilities.
SkyBridge’s move on Avalanche, along with entries from giants like BlackRock, highlights a shift toward digitizing real-world assets for better efficiency and access. This is supported by tech progress and solid market data.
While other initiatives, such as Ronin’s L2 integration or BOB’s Bitcoin DeFi work, show similar evolution, RWAs excel due to their immediate practical uses and reduced risk.
In essence, the crypto ecosystem is maturing, with RWAs serving as a bridge to wider adoption, promising more stability and credibility with regulators and investors.
As this space evolves, ongoing innovation and teamwork will be crucial to unlocking the full potential of tokenized assets, shaping the future of finance worldwide.
