Tokenized RWA to Hit $30 Trillion Market Cap by 2034—Here’s Why Wall Street Can’t Ignore It
The sleeping giant of finance just got a caffeine injection. Tokenized real-world assets (RWAs) are poised to explode from niche to mainstream, with analysts forecasting a $30 trillion market within a decade.
From art to real estate—everything's on-chain
Blockchain's eating traditional finance one asset class at a time. Bonds, commodities, even private equity are getting digitized—cutting out middlemen like a hot knife through bureaucratic butter.
The institutional floodgates are creaking
BlackRock's tokenized fund was just the start. Pension funds and sovereign wealth managers are quietly building positions, lured by 24/7 markets and instant settlement. (Though let's be real—they'll still charge 2% management fees for the privilege.)
2034 isn't a prediction—it's a warning
Miss this wave, and you're effectively shorting the future of finance. The $30 trillion figure might sound outrageous today—just like Bitcoin at $20 did in 2010.
Institutional demand, DeFi rails, and oracle design
The report stated that BlackRock, JPMorgan, Franklin Templeton, and Apollo now issue production-scale funds on public blockchains, signaling that tokenization has progressed from proof of concept to live deployment in under two years.
Yield-bearing Treasury tokens, rebasing share classes, and Leveraged private credit loops on Morpho and Kamino demonstrate how decentralized finance (DeFi) rails create new distribution channels and liquidity venues for traditionally illiquid instruments.
RedStone argued that accurate pricing hinges on oracle architectures that merge net-asset-value snapshots, regulatory attestations, and illiquidity discounts, a framework that departs from the real-time spot feeds common in DeFi.
Roadmap to $30 trillion
Gauntlet models indicated that private credit could surpass $250 billion on-chain once tokenized loan origination reaches 5% of the $3 trillion global market.
In comparison, Treasury-bill tokens could exceed $1 trillion if asset managers allocate 2% of short-duration funds to blockchain rails.
The authors forecasted that programmable compliance layers, such as Securitize’s sToken, and increasing regulatory clarity in the United States, Europe, and Asia would enable pension funds and insurers to allocate directly to tokenized products, broadening the addressable base beyond crypto-native capital.
Reporting cadence
RedStone plans to update the market-size tracker quarterly and add live oracle metrics for on-chain RWA indices. At the same time, Gauntlet will release risk-parameter adjustments for leveraged vaults tied to private credit pools.
The consortium will host further briefings at the RWA Summit in Cannes on July 1, where it will publish granular inflow data and the methodology underpinning its $30 trillion upper-bound model.
The report identified the current $24 billion footprint as roughly 0.006% of the $400 trillion in traditional assets but contends that institutional issuance velocity and programmable settlement advantages justify a $30 trillion scenario within nine years.
