Real-World Asset Market Surges 100% to $24 Billion by 2025 Driven by Private Credit

The real-world asset (RWA) market has seen substantial growth, reaching an estimated value of over $24 billion by June 2025. This expansion is largely attributed to the rise of private credit, which involves loans issued outside the traditional banking system, often directly to private companies. The growth in RWAs has been significant, second only to the performance of stablecoins during the same period. This trend underscores the increasing adoption of blockchain technology within institutional finance, with private credit emerging as a pivotal driver.

Traditionally, private credit loans have been known for their illiquidity and multi-year lockups, requiring lenders to wait extended periods to realize profits. However, the advent of RWAs has transformed this landscape. Tokenized assets now offer greater flexibility, as traders can sell these loans, making them more accessible to a broader range of investors. Furthermore, RWAs can be packaged into institutional-grade private credit funds, such as Apollo’s ACRED, enhancing their appeal to investors. The programmability and composability of RWAs allow institutions to embed specific strategies, such as automatic interest distribution or triggered liquidations, and integrate these assets across various protocols, including as collateral.

The maturation of RWAs for real-world applications is evident, as non-crypto-native institutions are now leveraging blockchain technology to enhance their operations. This shift indicates a growing acceptance and integration of blockchain within the financial sector, moving beyond early experimental phases. The ability to tokenize real-world assets and integrate them into blockchain-based systems has opened new avenues for institutional finance, making private credit a more dynamic and accessible investment option. According to Marcin Kaźmierczak, Co-founder of RedStone, the primary driver behind this RWA growth is private credit. This refers to loans made outside the traditional banking system, often issued directly to private companies. “Private credit has emerged as the foundation for tokenization’s real-world impact. What we’re seeing now is institutional finance actively moving into blockchain—not just exploring, but deploying capital in meaningful ways and innovating with RWA looping strategies,” Marcin Kaźmierczak, RedStone.