The Growth of Tokenized Real-World Assets
The tokenized real-world assets (RWAs) market has achieved a $24 billion valuation, fueled by private credit and US Treasury debt. According to RedStone‘s report with Gauntlet and RWA.xyz, this sector grew 380% since 2022 (excluding stablecoins).
Private Credit’s Market Leadership
Accounting for $14 billion (over 50% of RWAs), private credit offers 8-12% yields. Products like Apollo’s ACRED fund demonstrate how tokenization improves access to this traditionally exclusive market.
Ethereum Maintains Tokenization Dominance
Despite competition, Ethereum hosts $7.5 billion across 335 RWA products (59% market share). The Ethereum Foundation’s 2025 Etherealize initiative boosted institutional adoption.
Emerging Blockchain Competitors
Solana ($351 million) and Aptos ($349 million) are gaining traction in tokenized Treasuries. Aptos notably supports BlackRock‘s BUIDL fund as the first non-EVM chain.
The Evolving RWA Landscape
Tokenization transforms asset trading through faster settlements, improved liquidity, and fractional ownership opportunities. This innovation makes markets more accessible while maintaining security.
