The tokenized asset market surged by 40%, with market capitalization reaching $51 billion.
The sector of tokenized real-world assets (RWA) is showing impressive growth: since the beginning of this year, its total market capitalization has increased by 40%, reaching $51 billion. This rise occurs against the backdrop of a general correction in the cryptocurrency market, highlighting the sustained interest of institutional and retail investors in the digitization of traditional assets.
The number of RWA token holders has grown by 60% over the same period, exceeding 917,000 unique addresses. The leaders in terms of locked asset volume remain the platforms Figure ($18.9 billion) and Securitize ($4.3 billion). These figures indicate the maturity of the infrastructure and growing trust in blockchain solutions in the field of capital management.
Market Structure and Dominant Segments
The market is primarily based on private credit, accounting for 47% of the total volume. This is followed by US Treasury bonds (30%) and precious metals (9%). Interestingly, the highest activity is concentrated on two blockchains: Provenance (39%) and Ethereum (33%). Meanwhile, the fastest-growing segment is tokenized stocks, which has increased by 130% over the past six months, reaching $1.6 billion.
Analysts highlight three main tokenization models:
- Trading Infrastructure. Brokers, such as Robinhood, purchase stocks and issue tokens backed by them. This enables 24/7 trading but does not grant the holder voting rights.
- Settlement Layer. Blockchain replaces traditional accounting systems. Projects like Figure and Securitize create regulated stacks where investors receive full ownership rights to the asset.
- Hybrid Model. Coinbase offers an "exchange for everything," combining tokens for stocks, derivatives, and crypto assets for users outside the US.
Regulatory Prospects and Forecasts
Further development of the sector directly depends on the stance of the US Securities and Exchange Commission (SEC). The regulator has already approved pilot projects by NYSE and Nasdaq for trading tokenized securities. A key stimulus could be the so-called "innovation exemption," which would allow full-fledged trading of such assets within the country.
Activity metrics are impressive: the monthly transaction volume in the tokenized stock segment reached $5.3 billion in June. For comparison, in September last year, this figure was only $500 million — a growth of more than tenfold.
My comment: The 40% growth of the RWA sector amid a general market correction is a strong bullish signal. The tenfold increase in trading volumes for tokenized stocks suggests that traditional investors are beginning to view blockchain not as a speculative tool, but as a full-fledged alternative to classical infrastructure. However, the key risk remains regulatory uncertainty: any tightening by the SEC could slow down this trend.