The tokenization of real-world assets is gaining significant traction, with Citigroup projecting that the sector could reach a value of up to $8.2 trillion by 2030 under optimal conditions. This bullish outlook reflects a broader shift as regulatory frameworks become clearer and major financial institutions adopt blockchain technology for asset management.
In its base-case scenario, the bank estimates the tokenized asset market will reach $5.5 trillion, but stronger adoption could push it beyond $8 trillion before the decade ends. On-chain data already indicates accelerating growth, with Token Terminal reporting over $43 billion in tokenized assets, a 37% increase in the last six months. Meanwhile, RWA.xyz places the figure under $33 billion, likely due to differences in asset classification.
Tokenized funds dominate the sector, accounting for nearly 80% of total market capitalization, followed by commodities at 16.6% and stocks at 3.8%. Ethereum leads the network activity, hosting 57.8% of tokenized assets, while BNB Chain holds 8.5%, zkSync Era 7.5%, XRP Ledger 5.8%, and Stellar 5.4%. Among issuers, Sky leads with $6.1 billion in tokenized assets, while Securitize and Ondo Finance each manage around $3.6 billion.
Institutional interest continues to rise, as noted by Bitwise CIO Matt Hougan, who observed that financial advisors are increasingly focusing on tokenization and stablecoins. A Bitwise-VettaFi survey revealed that 56% of advisors personally own crypto, and 42% can buy it for clients, with advisors collectively overseeing over $175 trillion. Major institutions like Standard Chartered, Depository Trust & Clearing Corporation, NYSE, and Nasdaq are now expanding their tokenization initiatives, further validating the trend.
Tokenized equities are also emerging as a key area, with platforms like Ondo Markets and xStocks offering blockchain-based stock products. Binance Research highlighted that the tokenization ecosystem is diversifying beyond U.S. Treasury products, encompassing multiple asset classes that provide income-generating opportunities.