The $51 Billion RWA Market Is a Mirage; Here’s Why Institutional Capital Still Won’t Flow
For the past two years, the RWA sector has sold one big story.
Tokenized real-world assets have crossed $50 billion and are projected to become a $10 trillion market by 2030. Conferences pack rooms for panels on institutional adoption. Every chart seems to point in the same direction. RWAs have arrived.
But the reality beneath that story is weaker.
Of course, the industry has learned how to tokenize assets. It can take treasuries, credit, commodities, fund interests, or other real-world instruments and place them onchain. Legal standards, issuance workflows, and custody models now exist. Dashboards can track the growth. However, tokenization alone does very little.
The harder job is turning tokenized assets into productive capital. Capital needs to enter, circulate, earn yield, find liquidity, and exit with confidence. Today, most RWA capital enters in small pockets, sits across fragmented products, and depends on shallow liquidity.
The $29 billion figure shows...
Copyright of this story solely belongs to hackernoon.com. To see the full text click HERE
