Redstone Report: RWA tokenization market exceeds $24 billion, becoming the second fastest growing track in the crypto space
B.news
According to an industry report released by Redstone, the tokenization market of real-world assets (RWA) is experiencing rapid growth. Starting from approximately $5 billion in 2022, its market size has soared to more than $24 billion by June 2025, a growth rate of 380% in three years. This makes RWA tokenization the second fastest growing track in the cryptocurrency industry after stablecoins.
The report points out that 2024 to 2025 is a critical stage for the RWA track to move from experimental pilots to institutional scale applications. As of December 2024, the market size of RWA tokenization (excluding stablecoins) has reached $15.2 billion. In just half a year, the market size has increased by 85%, indicating that institutional participation continues to increase and tokenized applications are gradually entering the mainstream financial system.
Private credit has become the largest subcategory in RWA tokenization. As of June 2025, the market size of on-chain private credit has reached $14 billion, accounting for nearly 60%. Redstone analysis believes that this trend reflects the high attention of institutional investors to the blockchain native credit market, and also shows that RWA is no longer limited to traditional forms such as government bonds or real estate, but is expanding to higher-yield and more complex financial assets.
Industry insiders pointed out that asset tokenization has brought multiple benefits to the financial market. First, the immediacy of on-chain clearing and settlement significantly improves transaction efficiency; second, the programmability and traceability of asset ownership provide technical guarantees for compliance and risk control; finally, tokenization lowers the threshold for financial services and is expected to achieve broader financial inclusion.
Looking ahead, the Redstone report cited industry forecasts that by 2030 to 2034, 10% to 30% of traditional assets worldwide may be tokenized. If calculated according to current trends, RWA will become the core bridge connecting traditional finance and blockchain technology.
At present, financial regulators in many countries are also accelerating the establishment of RWA-related regulatory frameworks to regulate market behavior and promote sustainable development. Many financial centers, including the United States, the European Union, Singapore and the Hong Kong Special Administrative Region, have issued or are formulating regulatory rules for tokenized assets.
Against the backdrop of the increasing improvement of blockchain infrastructure, secure custody and liquidity mechanisms around the world, the outbreak of RWA tokenization is seen as the "next trillion-dollar opportunity" in the crypto market. The Redstone analysis team emphasized in the report: "Stablecoins are the first step towards the future, and RWA will define the depth and breadth of this financial revolution."
