RedStone Analysis Report: The RWA Market Value is Expected to Reach $30 Trillion by 2034
According to the latest joint report from RedStone, Gauntlet, and RWA.xyz, the on-chain market size of Real World Assets (RWA) is expected to approach $16 trillion to $30 trillion by 2034. This forecast is based on the assumption that if blockchain captures 10% to 30% of global securities and alternative assets from 2030 to 2034, the RWA market size will achieve this goal.
The report also shows that since 2022, the RWA market size has rapidly grown from about $5 billion to over $24 billion as of June 2025, with an annual growth rate as high as 85%, making it one of the fastest-growing segments in the cryptocurrency space. Private credit and tokenized U.S. Treasury instruments are the main drivers, contributing nearly $14 billion and $7.5 billion respectively.
As the market size expands, the participation of institutional investors is also increasing. Giants like BlackRock and JPMorgan have begun issuing funds on public blockchains, marking the transition of tokenization from proof-of-concept to practical application. Meanwhile, DeFi platforms like Morpho and Kamino are providing new distribution and liquidity channels for traditional illiquid instruments through innovative products.
On the technical side, RedStone emphasizes that accurate pricing must rely on a unique oracle architecture rather than on real-time spot information. The Gauntlet model predicts that once the issuance volume of tokenized loans reaches 5% of the global market ($3 trillion), the on-chain private credit size could exceed $250 billion; if asset managers allocate 2% of short-term funds into blockchain, the value of Treasury bill tokens could surpass $1 trillion.
Furthermore, the rise of programmable compliance layers and regulatory transparency will attract more capital into the tokenized market. Traditional financial institutions such as pension funds and insurance companies are expected to directly allocate to tokenized products, thereby expanding the market base.
According to data from rwa.xyz, although the current RWA market size is nearly $24.6 billion, accounting for only 0.006% of traditional assets ($400 trillion), the speed of institutional issuance and the advantages of programmable settlements are expected to make the $30 trillion target achievable within nine years. This enormous growth potential will undoubtedly inject new vitality into the entire cryptocurrency market.
