TL;DR
- The value of tokenized assets (RWA) on the blockchain reached $24.31 billion in June 2025, rising 260% since January.
- Private credit leads this market with over $14 billion, thanks to lower costs and greater liquidity provided by tokenization.
- BlackRock, JPMorgan, and other major players already operate tokenized products in a market that could absorb up to 30% of global assets by 2034.
The market for tokenized real-world assets (RWA) is experiencing its largest expansion since the earliest blockchain projects emerged.
According to a report by RedStone in collaboration with Gauntlet and rwa.xyz, the total value of these assets on decentralized networks reached $24.31 billion in June 2025. This figure represents a 260% increase just within this year and confirms that tokenization has moved beyond pilot projects to become financial infrastructure adopted at an institutional scale.
The leading segment in this market is private credit, which exceeds $14 billion and accounts for more than half of the total circulating value. Historically limited to closed-end funds and illiquid products with long lock-up periods, this category has gained much greater mobility and accessibility thanks to tokenization. Using digital assets reduces operational costs, improves distribution, and creates secondary markets that were previously unviable for this type of debt.
RWAs: Pursuing Higher Yields and Greater Efficiency
The growth of RWAs on the blockchain does not result from speculative cycles but from strictly financial reasons. The search for higher yields in a high interest rate environment and faster access to capital explains the interest from funds, banks, and large firms in adopting these instruments. Additionally, several DeFi platforms have started integrating tokenized assets as collateral and sources of liquidity, expanding their use within decentralized protocols.
Institutional demand solidified between 2024 and 2025 after years of technical development and regulatory adjustments. Companies like BlackRock, JPMorgan, Franklin Templeton, and Apollo already operate tokenized debt, real estate, and private credit products on the blockchain. Governments are also beginning to recognize these networks as valid financial infrastructure to modernize traditional markets.
Connecting More Than $400 Trillion of Traditional Finance
The report estimates that between 10% and 30% of global assets could migrate to the blockchain between 2030 and 2034. This would connect over $400 trillion of conventional financial system assets to decentralized ecosystems. RWAs are not a new asset class but a necessary upgrade to capitalize more efficiently on existing resources by using technology that accelerates processes, reduces costs, and improves returns
