Real World Asset Token Market Growth Over the Past Five Years Has Exceeded All Expectations
Date: 2025-06-11 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The main market share is occupied by private loans on the blockchain - about 61%, as well as US Treasury bonds, which make up about 30%. Experts note that asset tokenization can solve many problems of traditional business and will continue to gain popularity.
The volume of private loan tokenization has grown from zero to $12 billion as of April 2025, with Figure's product controlling about 70% of this segment. Tokenized US Treasury bonds have also shown rapid growth - from less than $500 million in October 2022 to more than $6 billion by April 2025. Among the market leaders are BlackRock's BUIDL and Franklin Templeton's BENJI, which together hold a 54% share. According to Rwa.xyz, as of June 11, 2025, the total RWA market size is $23.3 billion.
The market growth in the first half of 2025 is especially impressive: from $8.6 billion, it grew to more than $23 billion, which corresponds to a record increase of more than 260%, Binance analysts emphasize. One of the key drivers of this takeoff was the launch of the Tradable protocol on the ZKSync blockchain in January 2025, which has already reached a volume of $2 billion. There is also an active implementation of tokenized products in the decentralized finance (DeFi) sector.
However, a significant part of RWA is currently only available to institutional and authorized clients due to regulatory restrictions requiring complex verification procedures. Regular users do not yet have equal access to these products, unlike standard DeFi solutions.
Binance highlights the success of tokenized US government securities, which have integrated with the Euler Finance protocol based on Ethereum, opening up opportunities for lending using BlackRock products. In addition, the Centrifuge and Securitize projects operate on the Solana blockchain, collaborating with the Kamino Finance protocols and other platforms, expanding the RWA ecosystem.
According to Binance experts, the integration of RWA with DeFi creates new opportunities for stable returns and strengthens the resilience of the financial industry, expanding it beyond a closed ecosystem and promoting more diversified development.
Looking Ahead
Coinbase analysts highlight several areas for further development of the real asset token market focused on solving business problems.
Treasuries and liquidity management are traditionally associated with low yields and slow distribution processes, which is especially difficult for international companies due to currency and regulatory restrictions. Bond tokenization allows for faster settlements, making processes transparent and automated, which is beneficial for companies.
Tokenization of invoices and accounts receivable helps small and medium businesses gain faster access to working capital. Dividing debt obligations into tokens and offering them to global investors in real time increases liquidity and reduces costs. Smart contracts automate control over the fulfillment of obligations and reduce the risk of fraud.
Private loans, previously available only to large investors, are becoming more accessible to retail investors due to lower entry thresholds thanks to tokenization. This expands funding sources and increases the liquidity of debt instruments due to their circulation in secondary markets.
Thus, the development of real asset tokens promises significant changes in traditional financing and opens up new opportunities for all market participants.
