Real-World Assets Sector Grows 260% This Year to $23 Billion

Real-world assets (RWA) have rapidly evolved from a speculative concept to a significant segment of the crypto-economy, with the sector growing by 260% this year, from $8.6 billion to over $23 billion. This growth reflects a renewed interest in bringing tangible assets such as property, private credit, gold, and U.S. Treasury debt onto the blockchain. By converting these commodities into digital tokens, various projects are merging the liquidity of traditional finance with the transparency and accessibility of Web3. Some analysts forecast that this trend could lead to $30 trillion in asset tokenization by the end of the decade. If just 10% of this forecast materializes, the RWA market cap would surpass that of Bitcoin by the end of the decade.

Mavryk, a Layer-1 blockchain focused on RWA, has developed its own RWA token standard and features a marketplace for tokenized assets, an on-chain protocol treasury, a self-custodial wallet, and liquidity mining. Backed by a network of traditional equity and Web3 partners, Mavryk recently secured the largest RWA deal of its kind with Dubai-based MultiBank Group and real estate giant MAG. This strategic partnership involves the tokenization of $3 billion worth of property, enabling MAG to bring its luxury portfolio on-chain.

Ondo Finance, a prominent player in the RWA space, has launched its flagship product, a tokenized form of Short-Term U.S. Government Treasuries (OUSG) issued on the Layer-1 XRPL blockchain. Ondo supports ten blockchains and has integrated over 100 projects. With a total value locked (TVL) of around $1.3 billion, Ondo Finance recently joined the Mastercard Multi-Token Network (MTN), becoming the first RWA project integrated into the digital network. This integration allows businesses on the MTN to access OUSG on a public blockchain, with payments settled on traditional banking rails.

Tradable, founded in 2022 and launched this year, has quickly become a dominant force in private credit tokenization. The protocol has amassed over $2 billion in tokenized assets on ZKsync Era, now the second-largest RWA chain after Ethereum. With 30 institutional-grade private credit positions, Tradable is unlocking a wave of wealth-generating assets for blockchain-curious TradFi investors. Backed by VC heavyweights, Tradable empowers asset managers and private credit lenders to tokenize and trade loans seamlessly.

Securitize, the world’s largest tokenization platform by asset value, continues to expand its footprint in 2025. Following the success of last year, when it became BlackRock’s transfer agent for the latter’s tokenized BUIDL fund, Securitize recently partnered with Apollo to launch the Apollo Diversified Credit Securitize Fund (“ACRED”). This fund offers diversified exposure to corporate and asset-backed credit. Securitize has also confirmed integrations with the Ink and Solana blockchains, enabling tokenized RWAs across multiple decentralized networks. With its compliance-first approach and institutional partnerships, Securitize represents a powerful bridge between traditional finance and blockchain.

HEALE, which stands for Hyper Enabled Autonomous Logistics Ecosystem, is a DePIN-powered RWA platform targeting the $10 trillion supply chain and logistics market. Based in Miami and currently gearing up for its node sale, HEALE already has $1.21 billion in freight under management from brands eager to leverage its upcoming blockchain-based logistics network. Backed by supply chain tech fund Venture 53, HEALE empowers users to share precise shipment data, streamlining operations and rewarding contributions with tokens. By tokenizing logistics assets and processes, HEALE aims to revolutionize an industry ripe for Web3 disruption.

These five projects, along with their competitors, are driving the RWA revolution and addressing challenges that traditional finance seems incapable of solving. The next real-world asset to come on-chain could be a game-changer in the evolving landscape of digital finance.