RedStone Analysis Report: The market capitalization of RWA is expected to reach $30 trillion by 2034.

According to the latest joint report from RedStone, Gauntlet, and RWA.xyz, the on-chain market size of Real World Asset Tokenization (RWA) is expected to approach $16 trillion to $30 trillion by 2034. This forecast is based on the assumption that if blockchain captures 10% to 30% of global securities and alternative assets between 2030 and 2034, this target for the RWA market size will be achieved.

The report also shows that since 2022, the RWA market size has rapidly grown from about $5 billion to over $24 billion by June 2025, with an annual growth rate of up to 85%, making it one of the fastest-growing segments in the cryptocurrency space. Private credit and tokenized U.S. Treasury instruments are the main drivers, contributing nearly $14 billion and $7.5 billion, respectively.

As the market size expands, the participation of institutional investors is also increasing. Giants like BlackRock and JPMorgan have begun issuing funds on public blockchains, marking the shift of tokenization from proof of concept to practical application. Meanwhile, DeFi platforms such as Morpho and Kamino are providing new distribution and liquidity channels for traditional illiquid instruments through innovative products.

On a technical level, RedStone emphasizes that accurate pricing relies on a unique oracle architecture rather than real-time spot information. The Gauntlet model predicts that once the tokenized loan issuance reaches 5% of the global market (3 trillion USD), the on-chain private credit scale may exceed 250 billion USD; if asset managers allocate 2% of short-term funds into blockchain, the value of treasury bond tokens could exceed 1 trillion USD.

In addition, the programmable compliance layer and enhanced regulatory transparency will attract more capital into the tokenized market. Traditional financial institutions such as pension funds and insurance companies are expected to directly allocate to tokenized products, thereby expanding the market base.

According to data from rwa.xyz, although the current RWA market size is nearly $24.6 billion, accounting for only 0.006% of traditional assets ($400 trillion), the speed of institutional issuance and the advantages of programmable settlement are expected to make the $30 trillion target achievable within nine years. This enormous growth prospect will undoubtedly inject new vitality into the entire crypto market.

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