“While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, [one group] expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade.”
While strictly on-chain digital assets receive most of the press, the use of blockchain to tokenization real-world assets (RWAs) is expected to explode in the 2030s as these assets become traded via the blockchain.