The tokenized RWA market is expected to reach $400 billion by 2030, with an increase of over 1000%

Market maker Keyrock and tokenization platform Securitize released a joint report on April 9, predicting that the on-chain freely transferable distributed RWA market will grow from the current approximately $29 billion to $400 billion by 2030 under a baseline scenario, an increase of over 1,000%.

The broader blockchain-tracked RWA market is expected to reach $5 trillion during the same period. The report covers five major asset classes: government bonds, private credit, equities, commodities, and alternative funds. Among them, RWA perpetual contracts are the fastest-growing on-chain channel, with trading volume increasing 40 times within six months to an average of $67 billion per month, rising from 0.1% to 10.1% of the total on-chain derivatives, and is expected to reach 50% of the total on-chain derivatives by 2028.

The report also points out that the yield on tokenized government bonds has been higher than the DeFi benchmark stablecoin lending rate for 64% of the days since mid-2024, reaching 98% in the first quarter of 2026. Currently, tokenized RWA accounts for less than 0.1% of the global $400 trillion tokenizable market.