Stablecoins lead the tokenization of assets, reaching 30 trillion dollars by 2034.

Source: cryptoslate

Compiler: Blockchain Knight

According to recent data from Token Terminal, the scale of RWAs has approached $300 billion, a milestone that was originally expected to be reached by 2030. Another report from RedStone Finance indicates that by 2034, the scale of on-chain RWAs may exceed $30 trillion.

AUM of tokenized assets on the chain

Although the current growth momentum mainly comes from stablecoins like USDT and USDC, and Ethereum and Tron have become the big winners in the asset tokenization field, a broader trend is also worth noting: while stablecoins dominate, fund-type tokenized assets are also rising rapidly.

On-chain funds, government bonds, and securities are rapidly capturing a larger market share, driving capital markets from the silent bank vaults to a 7×24 hour trading global blockchain channel.

The scope of tokenizing RWAs goes far beyond “dollar assets existing in the form of stablecoins.” Earlier this week, Coinbase announced the launch of the “Mag 7+ Crypto Stock Index Futures,” which is the first futures product in the U.S. that combines traditional stocks with exposure to crypto assets.

Today, tokenized government bonds like Ondo USDY, tokenized money market funds, gold tokens such as PAXG, and even fractional real estate tokens have become a reality.

Commodities are not excluded either. Currently, the scale of digital gold tokens exceeds 2.5 billion dollars, tokenized oil reaches 500 million dollars, and the scale of tokenized silver, agricultural products, and even carbon credits has also reached several million dollars.

Larry Fink, the CEO of BlackRock, stated that tokenization is a “revolution” in the field of investment and envisions a future where “all assets can be tokenized,” allowing for global trading and instant settlement of assets.

This is not just empty talk in the fintech sector. According to data from McKinsey and Token Terminal, the institutional adoption rate is gradually increasing; the scale of tokenized RWAs is expected to double, as various funds and government bonds are gradually shifting towards the blockchain sector.

The tokenization of assets beyond stablecoins marks a new era for the capital markets, with far-reaching implications. Imagine being able to access traditional financial assets around the clock, achieving widespread adoption through fractional tokens, and no longer having to wait days for transaction settlement; all of this will become a reality.

No need to rely on centralized service providers or opaque brokers. Each transaction is traceable and programmable, with assets managed directly on a decentralized platform, significantly enhancing liquidity and efficiency.

As funds and institutional assets accelerate their on-chain transformation, the milestone of “$300 billion,” which was originally expected to be reached by 2030, not only reflects scale growth but also signifies a major transformation: the financial system is stepping out of Wall Street and entering a global, programmable network, reshaping the scenarios and methods in which financial activities occur.

Stablecoins are the starting point of the tokenization wave. Today, this wave is sweeping through the fields of funds, bonds, commodities, and even artworks. In the future, real estate, private credit, and even markets yet to be imagined will join this open, frictionless, and unstoppable process of tokenization.