The Real-World Asset (RWA) field officially surpasses the 25 billion USD threshold this week, accompanied by a 72% increase in the number of holders in 30 days.
The real-world asset market (RWA) is experiencing an explosive growth phase, officially crossing the 25 billion USD mark on July 10, 2025. This figure represents a 7.23% increase compared to the previous month and marks a significant turning point in the digitization of traditional assets. Notably, the total number of holders has surged to 293,006, recording an impressive growth of over 72% in just 30 days.
The value distribution in the RWA ecosystem shows that private credit is dominating with 14.73 billion USD allocated to blockchain-verified products. Among these, Figure leads with a cumulative on-chain loan value of 13.6 billion USD, followed by platforms like Tradable and Maple. This dominance reflects the growing demand for non-traditional lending solutions and more flexible capital access through blockchain technology.
US Government Debt and encoded government bond funds hold the second position with a total value of 7.53 billion USD, increasing 1.96% from the previous week. BlackRock's BUIDL fund leads this segment with 2.82 billion USD, followed by Franklin Templeton's BENJI with 790.44 million USD and Superstate's USTB at 711 million USD. The participation of major names like BlackRock and Franklin Templeton indicates the increasingly widespread acceptance of blockchain technology by traditional financial institutions.
Encoded Commodities and Long-Term Growth Prospects
The encoded commodity asset group ranks third with a market capitalization of 1.61 billion USD, primarily from the two largest gold-backed tokens, Paxos' PAXG and Tether's XAUT. Other areas including alternative organizational funds, stocks, non-US government debt, and corporate bonds contribute smaller proportions but still add to the ecosystem's diversity.
After growing nearly 5 times in the past three years, the RWA market shows no signs of slowing down. Forecasts from leading financial institutions and consulting firms unanimously agree on the enormous growth potential of this field. McKinsey estimates the market size will reach 2 trillion USD, while Boston Consulting Group provides a more ambitious projection of 16 trillion USD by 2030.
