Tokenizing a tangible asset is to register it on a blockchain to make it fractional, traceable, and liquid. Until now, this was more theory than practice. But since the beginning of 2025, the tide has changed. Tokenized private credit has become the new favorite of investors, capturing 58% of the RWA market. Just behind: tokenized U.S. debt, with 34%. Products already familiar in the markets, but made more flexible and accessible via blockchain.
