In the volatile world of blockchain, one prominent trend is attracting strong interest from investors and traditional finance: the tokenization of Real World Assets (RWA). Led by Ethereum, blockchain has become the core platform for bringing physical assets on-chain in a transparent, secure, and legally compliant manner.
On-Chain RWA Value Hits Record High
According to a report from Bitwise, the real-world value of assets tokenized on the blockchain has now reached nearly $25.5 billion – an all-time high. Including stablecoins, the total value of on-chain RWA exceeds $283 billion, reflecting the incredible growth rate of this trend.
BlackRock CEO Larry Fink once affirmed: “Any asset like stocks, bonds, real estate can be tokenized”. This is no longer a distant vision, but is gradually becoming a reality as the world's largest financial corporations begin to actively apply blockchain to digitize traditional assets.
Ethereum: The Way Forward for RWA
Ethereum is currently the dominant blockchain in the RWA space with 54% market share, not to mention ZKsync Era (18.6%) – Ethereum’s Layer 2 scaling solution. In total, Ethereum and its ecosystem account for nearly 73% of the global RWA market share.
The most heavily tokenized RWA segments include:
- Private credit: $15 billion
- US Treasury bonds: $6.7 billion
- Goods: 1.8 billion USD
Notably, BlackRock's BUIDL – the largest RWA fund on Ethereum – is managing up to $2.3 billion, showing the confidence of traditional financial institutions in Ethereum as a reliable infrastructure for storing and trading assets.
Meanwhile, tokenized stocks are still quite modest, accounting for only 1.4% of total RWA value, showing that the potential for future growth is still very large.
Wall Street “Leaning Into Ethereum”
Not only traditional funds, even strong Bitcoin supporters like Tom Lee (Fundstrat) have switched to supporting Ethereum. He emphasized that: “Ethereum is the largest, most secure, zero-downtime, and legally compliant blockchain” – key elements to codify the global financial system.
With its smart contract support, Ethereum is providing the ultimate toolkit to digitize assets efficiently, flexibly, and transparently.
Conclude
The RWA boom is a clear demonstration that blockchain is not just “cryptocurrency”, but also a platform to reshape the entire global financial system.
