2024

Polygon (Old)

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<p>RWA has reached a milestone, reaching a record-high total value amounting to $29 billion. With the rise of private credit and stocks, the number jumped $3 billion within the span of just one month.</p>
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   <li>RWA value on-chain has reached a record high at $29.17 billion.</li>
   <li>The RWA market is predicted to reach up to $18.9 trillion in the next eight years. When stablecoins are included, the total tokenized asset value on-chain reaches more than $308 billion.</li>
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<p>Real-world assets or RWA are close to reaching $30 billion with the recent rise in private credit and stocks going on-chain. The total value of tokenized assets have gone up by 8.24% in the past month, with the number of holders going up by 9.45% in the same period of time.</p>
<p>According to <a href="https://app.rwa.xyz/" target="_blank" rel="noopener noreferrer nofollow">data</a> from RWA.xyz, combined with the total stablecoin value, tokenized assets on-chain have reached over $308 billion.</p>
<p>The majority of <a href="https://crypto.news/tokenized-idol-groups-startale-launches-first-entertainment-tokenized-assets-in-japan/" rel="noopener noreferrer nofollow">tokenized assets</a> is still dominated by private credit, which makes up more than $16.7 billion alone. Meanwhile, the second largest group is represented by U.S treasury debt. Contributing around a quarter of the total RWA value, U.S. treasury debt amounts to $7.4 billion on-chain.</p>
<figure class="wp-block-image size-full">
 <img loading="lazy" width="1069" height="672" src="https://media.crypto.news/2025/09/RWA-Onchain.png" alt="Chart representing the share of RWA value on-chain over the past six years | Source: RWA.xyz">
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  Chart representing the share of RWA value on-chain over the past six years | Source: <a href="https://app.rwa.xyz/" target="_blank" rel="noopener noreferrer nofollow">RWA.xyz</a>
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<p>You might also like: <a href="https://crypto.news/xalts-launches-new-rwa-tokenization-platform-on-the-polygon-network/" rel="noopener noreferrer nofollow"> Xalts launches new RWA tokenization platform on the Polygon Network </a></p>
<p>A new contender in the ring, which only recently exploded in value this year are on-chain <a href="https://crypto.news/chinas-mogu-stock-explodes-84-after-20m-crypto-buy/" rel="noopener noreferrer nofollow">stocks</a>. According to the recorded data, stocks now make up $568 million of RWA value on-chain. At the end of 2024 the number was still at $378 million, rising by nearly $200 million in the past nine months.</p>
<p>This surge could be due to new product offerings on-chain, such as Backed-powered <a href="https://crypto.news/kraken-brings-tokenized-u-s-stocks-to-the-eu-via-xstocks/" rel="noopener noreferrer nofollow">xStocks</a> which brings on-board more than 60 U.S. stocks from Nasdaq, including major corporations such as Tesla, NVIDIA, Google, Circle, and more.</p>
<p>Coincidentally, the market capitalization of RWA tokens also reached a new high as it jumped from about $67 billion to nearly $76 billion over the past week. The RWA tokenization market has been predicted to reach $18.9 trillion in the next eight years, according to a report by Ripple and Boston Consulting Group.</p>
<p>According to the data, the biggest contributors to the rise to trillions would be stablecoins and real estate ownership.</p>
<p>You might also like: <a href="https://crypto.news/ripple-and-bcg-report-global-asset-tokenization-could-reach-18-9t-by-2033/" rel="noopener noreferrer nofollow"> Ripple and BCG report: Global asset tokenization could reach $18.9t by 2033 </a></p>
<h2 class="wp-block-heading" id="does-rwa-value-count-as-real-value">Does RWA value count as real value?</h2>
<p>The increase in tokenized real-world assets has long-been an ongoing debate in the crypto community, specifically about whether their full value can truly be represented on a blockchain.</p>
<p>In March 2025, the <a href="https://crypto.news/rwa-tvl-hits-a-new-all-time-high-of-10-67b-sparking-debate-about-on-chain-value/" rel="noopener noreferrer nofollow">surge</a> in total value locked to a new all-time high sparked an argument between several crypto figureheads. Joe Carlasare, an attorney from SmithAmundsen and long-time Bitcoin advocate, argued that real-world assets cannot be represented on-chain in a complete sense.</p>
<p>According to Carlasare, what exists on the blockchain is really just a digital record or an IOU of the real asset. The record on-chain shows that the holder has a claim to an asset, but not the asset itself.</p>
<p>In response, Co-Founder and former CEO of CoinRoutes, Dave Weisberger said that although physical asset’s value cannot be transferred on-chain, the title to said asset could be. Which means that the provenance of the asset can be proven with on-chain ownership rather than a piece of paper.</p>
<p>Carlasare disagrees, saying that the issue of titles can be solved without a blockchain. He believed that it is still necessary for courts to verify the value of real-world assets because essentially the value represented on-chain is just a promise that still needs to have court enforcement to be fully realized.</p>
<p>You might also like: <a href="https://crypto.news/tokenized-idol-groups-startale-launches-first-entertainment-tokenized-assets-in-japan/" rel="noopener noreferrer nofollow"> Tokenized idol groups? Startale launches first Entertainment Tokenized Assets in Japan </a></p>

RWA on-chain hits record-high, surpassing $29b in value

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