The market quantity of tokenized real-world belongings (RWA), excluding stablecoins, reached $24 billion by mid-2025, with greater than half of this quantity accounted for by non-public loans and U.S. Treasury debt securities.
In keeping with a complete examine of the RWA market carried out by RedStone in collaboration with analysts from the RWA.xyz aggregator and the DeFi protocol Gauntlet, within the first half of 2025, the quantity of tokenized non-public loans reached $14 billion, whereas tokenized U.S. Treasury debt securities amounted to $7.5 billion. The whole market quantity of tokenized real-world belongings excluding stablecoins surpassed $24 billion this yr.
The recognition of tokenizing non-public loans and U.S. debt securities is rising quickly attributable to institutional buyers’ curiosity, as tokenization opens new alternatives for diversification and liquidity in conventional monetary devices.
For instance, non-public loans, which have been beforehand restricted to giant institutional buyers with excessive minimal funding necessities, have gotten accessible to a broader vary of individuals by means of tokenization, providing yields within the vary of 8–12%. Essentially the most energetic participant on this phase, in line with analysts, is Determine Applied sciences, which tokenized loans price over $10 billion.
As for tokenized U.S. Treasury debt securities, this phase is actively rising since 2023, growing from $100 million to $7.5 billion. This asset class attracts buyers attributable to its stability and reliability, offering liquidity and revenue alternatives whereas absolutely complying with regulatory necessities. Essentially the most energetic gamers on this phase stay BlackRock, JPMorgan, and Franklin Templeton, in addition to DeFi platforms Pendle and Ethena, which provide new potentialities for the secondary market.
In keeping with a CoinGecko report, the overall capitalization of the tokenized RWA market reached roughly $233 billion in April 2025, pushed by the recognition of fiat-backed stablecoins.
Сообщение Personal Loans and Debt Securities Make up Extra Than Half of RWA Market появились сначала на CoinsPaid Media.