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Tokenized Asset Market Surges to $43B Amid Crypto Slump

RWA market surpasses $43 billion as major banks project trillions by 2030

  • The tokenized real-world assets (RWA) market has grown to over $43 billion, defying broader crypto weakness with a 37% rise in six months.
  • Ethereum hosts 57.8% of all tokenized value, but chains like BNB and zkSync Era are gaining a significant foothold.
  • Major banks like Standard Chartered and Citigroup project the tokenization sector could reach trillions of dollars by 2030, driven by institutional adoption.

The market for tokenized real-world assets is booming, with its total value climbing sharply to exceed $43 billion in the past 180 days despite weakness elsewhere in crypto. This growth, according to Token Terminal, reflects the accelerating migration of traditional financial products onto blockchain rails. Tokenized funds dominate the sector, accounting for nearly 80% of its total market capitalization.

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Ethereum remains the leading chain for this activity, Hosting 57.8% of total value. However, the sector is expanding beyond it, with BNB Chain, zkSync Era, and others now holding notable shares. Consequently, the industry narrative is moving beyond tokenized U.S. Treasurys into a more diversified ecosystem. Meanwhile, major financial institutions are fueling this expansion with bullish projections and analysis.

Standard Chartered recently initiated coverage of Uniswap, arguing its UNI token could appreciate massively by 2030 as assets migrate onchain. The bank projects the decentralized finance sector will grow to $2.7 trillion over the same period. Citigroup has also turned bullish, projecting the tokenization market could reach between $5.5 trillion and $8.2 trillion by 2030.

The bank argues the industry is moving beyond the pilot stage as regulatory clarity improves. Citi’s report identified integrations by traditional market infrastructures as key catalysts. This institutional momentum is reflected in the leading issuers, with Sky, Securitize, and Ondo Finance each managing billions in tokenized assets.

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