⏰ MUST READ: The ONLY RWA Recap You Need in 2025
The world’s assets are going on-chain.
What started as a fringe idea during the 2017 “security token” craze is now maturing into a trillion-dollar opportunity. After years of regulatory gridlock, Real-World Asset (RWA) tokenization is finally happening.
From BlackRock’s tokenized treasury funds to Nasdaq’s pilot for on-chain equities, the bridge between TradFi and crypto isn’t a dream anymore. It’s being built in real time.
🔸 Security tokens walked so RWA tokenization could run. 🔸
Between 2017–2021, companies like INX pioneered the idea of compliant tokenized assets. INX made history as the first SEC-registered token IPO, raising $80M from 7,000 investors across 70 countries.
Then came the Gensler years — the dark era of crypto regulation. Lawsuits, uncertainty, fear. Tokenization froze.
But not even Gary could stop progress.
2024’s Bitcoin ETF approvals cracked open the floodgates, Trump’s election brought a friendlier SEC, and MiCA, Singapore, Hong Kong, and the UAE rolled out clear RWA frameworks.
The result? A full-blown resurgence across every asset class 👇
📈 Bonds: $7.3B in tokenized Treasuries with BlackRock’s BUIDL, Franklin’s BENJI, WisdomTree’s WTGXX leading the pack.
💹 Stocks: Exodus puts $200M of its cap on-chain via Securitize; xStocks and Ondo Global Markets bring 24/7 tokenized equity trading.
💵 Private Credit: The breakout category. $17B in active loans, 9–10% yields, Maple, Tradable, Figure turning DeFi into a real-yield machine.
🏠 Real Estate: Still lagging, but Mavryk Network x MultiBank Group’s $10B partnership hints the tide’s turning.
🥇 Others: Tokenized gold (PAXG, XAUT) leads the alt wave, with wine, whiskey, art, and even GPUs now on-chain.







