TL;DR:
- 53.8% of issuers use tokenization primarily to improve efficiency in capital formation and fundraising.
- Only 15.4% of participants consider secondary market liquidity access as the main incentive for tokenizing assets.
- Regulatory compliance remains the biggest obstacle, affecting 84.6% of companies operating in this ecosystem.
The results of the Q4 2025 survey conducted by Brickken have been released, revealing a paradigm shift in the crypto sector. RWA projects and capital raising are consolidating as the industry’s main engine, pushing the promise of immediate liquidity into the background.
Data from the report highlights that more than half of issuers view blockchain infrastructure as a financial layer to optimize operational processes. Instead of seeking active secondary markets from day one, companies are focusing on attracting new investors and reducing technical complexity.
This suggests that tokenization is evolving into a robust infrastructure tool. In this regard, industry leaders state that real value is being generated during the issuance phase, building the necessary foundations before mass trading becomes a reality.
Regulatory Challenges and Real Asset Diversification
Despite technological optimism, the legal landscape continues to present significant friction for the development of these instruments. The report emphasizes that at least 85% of respondents have experienced operational delays due to complex regulations that require adapted legal structures from the very first day.
On the other hand, the survey reveals that tokenization is no longer the exclusive domain of real estate. Currently, equities and shares represent 28.6% of assets, followed by intellectual property and entertainment, diversifying the market toward sectors such as renewable energy and private credit.
In summary, the Real World Assets industry is prioritizing stability in fundraising over commercial speculation. The success of these assets will depend on how global regulations synchronize with the issuers’ ability to efficiently attract institutional capital.
