PANews reported on December 18 that according to The Defiant, the real world asset (RWA) market continues to grow, with the total market value currently hitting a record high of $14 billion. Tokenized private credit and tokenized treasury bonds are the two largest sectors in the market, accounting for $9.5 billion and $3 billion of market share respectively, and together account for 89% of the entire on-chain RWA sector.
The rapid growth of the RWA market, which has grown 66% since the beginning of 2024, indicates the interest of institutional investors. The market relies on the support of traditional entities and their willingness to tokenize assets through companies such as Securitize.
Private credit accounts for the vast majority of market valuations, with Figure accounting for 93% of the private credit market. U.S. institutions are expanding their presence in this market segment, with BlackRock and Franklin Templeton’s tokenized Treasury funds BUIDL and FOBXX accounting for nearly 35% of the total tokenized Treasury market valuation.