Larry

BlackRock

Billion

<h3 class="wp-block-heading" id="h-key-insights">Key Insights:</h3>
<ul>
 <li>The real-world asset tokenization market reached an all-time high of $33.84 billion on October 13. Private credit represented the largest sector at $17.6 billion.</li>
 <li>BlackRock CEO Larry Fink disclosed that the asset manager is developing proprietary technology for asset tokenization.</li>
 <li>BlackRock’s BUIDL fund led the tokenized US Treasuries sector. With a total value of $2.82 billion, accounting for a 15.14% market share.</li>
</ul>
BlackRock CEO Larry Fink disclosed that the asset manager is developing proprietary technology for tokenizing financial assets. This happens as the real-world asset (<a href="https://www.thecoinrepublic.com/2025/08/17/is-ethereum-ready-for-rwa-tokenization-industry-experts-share-big-take/" rel="noopener noreferrer nofollow">RWA</a>) market reached an all-time high of $33.84 billion.
The announcement came during an appearance on CNBC’s Squawk on the Street <a href="https://www.cnbc.com/video/2025/10/14/blackrock-ceo-larry-fink-were-at-the-beginning-of-the-tokenization-of-all-assets.html?qsearchterm=larry%20fink" rel="noopener noreferrer nofollow">on October 14</a>. Fink emphasized the strategic importance of digital asset infrastructure for traditional finance.
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 <img loading="lazy" width="1024" height="441" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-97-1024x441.jpeg" alt="RWA market overview | Source: rwa.xyz">
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 RWA market overview | Source: rwa.xyz
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 </figure>
</div>
<h2 class="wp-block-heading" id="h-blackrock-builds-tokenization-technology">BlackRock Builds Tokenization Technology</h2>
Fink stated that <a href="https://www.thecoinrepublic.com/2025/08/05/blackrock-sells-over-600-million-in-bitcoin-ethereum-whats-next/" rel="noopener noreferrer nofollow">BlackRock</a> viewed tokenization as a critical opportunity for expanding access to traditional investment products.
He explained that tokenized exchange-traded funds could serve as an entry point for crypto-native investors to access long-term retirement products without leaving the digital ecosystem.
Fink said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “If we can tokenize an ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, but now we can get them into the more traditional long-term retirement products.”
</blockquote>
He characterized this approach as,
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by repotting them in a digital manner.”
</blockquote>
The BlackRock chief expressed conviction that the industry stood at the beginning stages of a broader transformation.
Additionally, he called for accelerated regulatory clarity and increased investment in digital asset innovation within the US.
In January, Fink advocated for the tokenization of stocks and bonds, arguing that it would simplify ownership and voting, and that this is where markets are headed.
<h2 class="wp-block-heading" id="h-private-credit-leads-rwa-buidl-dominates-treasury-sector">Private Credit Leads RWA, BUIDL Dominates Treasury Sector</h2>
BlackRock’s USD Institutional Digital Liquidity Fund, also known as <a href="https://www.thecoinrepublic.com/2025/06/18/blackrocks-buidl-now-accepted-as-collateral-on-crypto-com-and-deribit/" rel="noopener noreferrer nofollow">BUIDL</a>, held the top position in the tokenized US Treasuries market, with a total value of $2.82 billion as of October 13.
According to <a rel="noopener noreferrer nofollow">rwa.xyz</a>, the fund captured 33.9% market share. It outpaced competitors including Franklin Templeton’s $860 million BENJI fund and Circle’s $589.7 million USYC fund.
<div class="wp-block-image">
 <figure class="aligncenter size-large">
 <img loading="lazy" width="1024" height="495" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-96-1024x495.jpeg" alt="Tokenized US treasuries’ market cap | Source: rwa.xyz">
 <figcaption>
 Tokenized US treasuries’ market cap | Source: rwa.xyz
 </figcaption>
 </figure>
</div>
The tokenized treasuries sector totaled $8.33 billion, accounting for approximately 25% of the entire RWA market, the second-largest sector.
Private credit represented the dominant sector in the RWA market with $17.61 billion in active loan value, comprising over half of the total market capitalization.
The sector demonstrated consistent growth throughout 2024 and into 2025, with platforms such as Figure, Tradable, and Maple leading the way in originations.
The tokenized private credit market processed $31.84 billion in total loans across 2,667 active loans, offering borrowers an average annual percentage rate of 9.79%.
Additionally, non-US government debt surpassed $1 billion, while public equity products had a market capitalization of $688.2 million.
The broader RWA ecosystem encompassed 482,446 total asset holders across 224 different issuers as of October 13.
The market demonstrated a 10% increase over the previous 30-day period, with total RWA value on-chain growing from approximately $30.7 billion in mid-September.
<h2 class="wp-block-heading" id="h-tokenized-stocks-and-commodities">Tokenized Stocks and Commodities</h2>
Tokenized public stocks recorded a total value of $688.22 million with 86,060 holders as of October 13. It is close to the sector’s all-time high of nearly $712 million seen on October 6.
The sector experienced 28% growth over the prior 30-day period, with monthly transfer volume reaching $632.72 million and 32,422 monthly active addresses.
Products included tokenized versions of major equity indices and individual stocks, with the sector processing 170.4% higher transfer volumes compared to the previous month.
Tokenized commodities reached a market capitalization of $3.12 billion, led by Tether Gold at $1.31 billion and Paxos Gold at $1.24 billion.
The sector recorded $4.36 billion in monthly transfer volume across 16,721 monthly active addresses, with 149,100 total holders, representing a 5.32% increase over the previous 30 days.
The post <a href="https://www.thecoinrepublic.com/2025/10/15/blackrock-ceo-pushes-tokenization-as-rwa-market-hits-34-billion-all-time-high/" rel="noopener noreferrer nofollow">BlackRock CEO Pushes Tokenization as RWA Market Hits $34 Billion All-Time High</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

BlackRock CEO Pushes Tokenization as RWA Market Hits $34 Billion All-Time High

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