According to PANews, the total market value of the real-world asset (RWA) market has reached $14 billion, setting a historical record. Tokenized private credit and tokenized government bonds account for $9 billion and $3 billion respectively, totaling 89%.
Since the beginning of 2024, the RWA market has grown by 66%, indicating interest from institutional investors. The market relies on traditional physical support and asset tokenization through companies like Securitize.
In the private credit market, Figure occupies 93%. U.S. institutions such as BlackRock and Franklin Templeton account for nearly 35% of the valuation in the tokenized government bond market.