RedStone, risk-modeling agency Gauntlet, and analytics supplier RWA.xyz challenge that the on-chain marketplace for tokenized real-world belongings (RWA) may attain as a lot as $30 trillion by 2034, based on a joint report from June 26.
Researchers calculate that tokenized RWAs, excluding stablecoins, expanded from roughly $5 billion in 2022 to greater than $24 billion by June 2025, an 85% year-over-year enhance that positions the sector as crypto’s fastest-growing vertical after dollar-pegged tokens.
Non-public credit score drives the whole with $14 billion excellent, whereas tokenized US Treasury autos contribute about $7.5 billion, based on rwa.xyz dashboards embedded within the examine.
The report modeled a number of adoption curves and concluded that capturing 10 to 30% of world securities and different belongings between 2030 and 2034 would deliver the on-chain determine nearer to the $16 trillion to $30 trillion vary.
Institutional demand, DeFi rails, and oracle design
The report said that BlackRock, JPMorgan, Franklin Templeton, and Apollo now problem production-scale funds on public blockchains, signaling that tokenization has progressed from proof of idea to dwell deployment in below two years.
Yield-bearing Treasury tokens, rebasing share courses, and leveraged non-public credit score loops on Morpho and Kamino exhibit how decentralized finance (DeFi) rails create new distribution channels and liquidity venues for historically illiquid devices.
RedStone argued that correct pricing hinges on oracle architectures that merge net-asset-value snapshots, regulatory attestations, and illiquidity reductions, a framework that departs from the real-time spot feeds frequent in DeFi.
Roadmap to $30 trillion
Gauntlet fashions indicated that personal credit score may surpass $250 billion on-chain as soon as tokenized mortgage origination reaches 5% of the $3 trillion world market.
Compared, Treasury-bill tokens may exceed $1 trillion if asset managers allocate 2% of short-duration funds to blockchain rails.
The authors forecasted that programmable compliance layers, comparable to Securitize’s sToken, and rising regulatory readability in america, Europe, and Asia would allow pension funds and insurers to allocate on to tokenized merchandise, broadening the addressable base past crypto-native capital.
Reporting cadence
RedStone plans to replace the market-size tracker quarterly and add dwell oracle metrics for on-chain RWA indices. On the similar time, Gauntlet will launch risk-parameter changes for leveraged vaults tied to personal credit score swimming pools.
The consortium will host additional briefings on the RWA Summit in Cannes on July 1, the place it would publish granular influx knowledge and the methodology underpinning its $30 trillion upper-bound mannequin.
The report recognized the present $24 billion footprint as roughly 0.006% of the $400 trillion in conventional belongings however contends that institutional issuance velocity and programmable settlement benefits justify a $30 trillion state of affairs inside 9 years.
