Report: The RWA market size grew by 85% year-on-year to $24 billion, becoming the second fastest-growing sector after stablecoins

ChainCatcher news, according to a report by Redstone, the tokenization of risk assets (RWA) surged from $5 billion in 2022 to over $24 billion by June 2025 (a growth of 380%), becoming the second fastest-growing area in the cryptocurrency sector after stablecoins. Industry forecasts suggest that by 2030 to 2034, 10% to 30% of global assets may be tokenized.

Asset tokenization has transitioned from experimental pilots to scaled institutional adoption in 2024-2025. By December 2024, the market size of tokenized real-world assets reached $15.2 billion (excluding stablecoins) and continued to grow, exceeding $24 billion by June 2025, representing a year-on-year growth of 85%. As of June 2025, private credit has become the largest area of RWA tokenization, with a scale of $14 billion, indicating institutional demand for blockchain-native credit markets.