RWAs rise 260% in 2025, driven by US crypto regulations
Tokenization of real-world assets (RWAs) increased over 260% in the first half of 2025, reaching a valuation of over $23 billion, up from $8.6 billion. Tokenized private credit represented 58% of the market, while tokenized US Treasury debt accounted for 34%. Regulatory clarity is expected to enhance growth and participation in the sector. RWAs are classified as securities by the SEC, which lacks a dedicated regulatory framework for them. Recent SEC guidance on cryptocurrency staking is viewed positively for the industry. The Senate is considering the GENIUS Act to clarify stablecoin rules. Corporate adoption of Bitcoin is rising, with 124 public companies now holding it in their treasuries. Long-term strategies and regulatory developments will influence Bitcoin's corporate adoption, rather than short-term market fluctuations.
