Real-World Asset (RWA) Tokenization Market Report 2025

The real-world asset (RWA) tokenization market size has grown rapidly in recent years. It will grow from $0.59 billion in 2024 to $0.67 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth during the historic period was driven by increasing demand for asset liquidity, the rising adoption of blockchain in financial services, growing interest in alternative investments, greater regulatory clarity for digital securities, and mounting inefficiencies in traditional asset management.

The real-world asset (RWA) tokenization market size is expected to see rapid growth in the next few years. It will grow to $1.07 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. In the forecast period, growth is expected to be fueled by increasing institutional interest in tokenized assets, the rising need for fractional ownership models, broader adoption of digital custody solutions, heightened security concerns, and growing demand for real-time settlement and transparency. Key trends anticipated for this period include advancements in cross-chain tokenization platforms, deeper integration of artificial intelligence in tokenized asset management, the creation of compliant tokenized investment vehicles, innovations in on-chain identity and know-your-customer solutions, and the development of real-time asset valuation tools.

The rising adoption of smartphones is expected to drive the growth of the real-world asset (RWA) tokenization market. A smartphone is a portable electronic device that combines mobile calling, internet connectivity, and computing capabilities, allowing users to communicate, browse, and operate various applications. The increasing affordability of smartphones is making advanced mobile technology accessible to a wider population. Smartphones enable users to easily and instantly access platforms where they can securely invest in, monitor, and trade tokenized physical assets anytime and anywhere. For example, in February 2023, a report by Uswitch Limited, a UK-based provider of online and telephone comparison services, stated that there were 71.8 million active mobile connections in 2022, marking a 3.8% increase from 2021. Furthermore, it is projected that by 2025, the UK will have a population of 68.3 million, with 95% of them owning smartphones. As a result, the growing use of smartphones is fueling the expansion of the RWA tokenization market.

Companies in the real-world asset (RWA) tokenization market are developing advanced solutions, such as blockchain-based tokenized funds, to improve liquidity, efficiency, and transparency in managing financial instruments. Blockchain-based tokenized funds are digital versions of traditional assets issued on blockchain platforms, enabling fractional ownership, real-time settlement, and global access. For instance, in January 2025, Fasanara Capital Ltd., a UK-based investment management firm, introduced the Fasanara MMF Token (FAST), a tokenized money market fund built on the Polygon blockchain. This fund combines the stability of traditional money market instruments with the efficiency and transparency of blockchain technology. Using Polygon’s scalable infrastructure, it facilitates real-time settlement, open distribution, and streamlined fund management. The ERC-3643 smart contracts used in the platform ensure regulatory compliance, offering investors faster, more transparent, and cost-effective access to money market investments.

In May 2025, Circle Internet Group Inc., a US-based financial technology company, acquired Hashnote for $99.8 million. This acquisition aims to expand Circle’s capabilities in real-world asset tokenization, strengthen its product portfolio by integrating yield-bearing collateral with its USDC stablecoin, and appeal to a wider range of institutional investors. Hashnote LLC, based in the US, specializes in real-world asset tokenization.

Major players in the real-world asset (RWA) tokenization market are Securitize Inc., Fireblocks Ltd., Polymath Research Inc., SoluLab Inc., Brickken Finance S.L., Tokeny Solutions S.A., Debut Infotech Private Limited, Archax Ltd., Bitbond GmbH, Blocksquare d.o.o, Centrifuge, DigiShares Inc., IC SG Pte. Ltd, Kaleido Inc., Maple Finance Inc., STOBox A/S, Spydra Finance, Ondo Finance Inc., RWA Labs Inc., and Swarm Markets GmbH.

North America was the largest region in the real-world asset (RWA) tokenization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in real-world asset (RWA) tokenization report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the real-world asset (RWA) tokenization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Real-world asset (RWA) tokenization is the process of transforming ownership rights in physical or traditional financial assets - such as real estate, commodities, or bonds - into digital tokens on a blockchain. This approach enables fractional ownership, enhances liquidity, and facilitates the secure and transparent transfer of assets.

The primary token types in real-world asset (RWA) tokenization include security tokens, utility tokens, and hybrid tokens. Security tokens are digital representations of ownership in real-world assets - such as equity, debt, or real estate - issued and traded on a blockchain and governed by securities regulations. These tokens can represent a diverse range of asset classes, including real estate, commodities, art and collectibles, intellectual property, and more, and can operate across various blockchain networks such as public, private, and consortium. They are applied in areas such as investment, trading, asset financing, and other related uses.

The real-world asset (RWA) tokenization market research report is one of a series of new reports that provides real-world asset (RWA) tokenization market statistics, including real-world asset (RWA) tokenization industry global market size, regional shares, competitors with a real-world asset (RWA) tokenization market share, detailed real-world asset (RWA) tokenization market segments, market trends and opportunities, and any further data you may need to thrive in the real-world asset (RWA) tokenization industry. This real-world asset (RWA) tokenization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The real-world asset (RWA) tokenization market consists of revenues earned by entities by providing services such as digitizing physical assets, asset lifecycle management and tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The real-world asset (RWA) tokenization market includes sales of tokenized bonds, tokenized carbon credits, and tokenized insurance products. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.