Tokenized private credit comprised 58% of the RWA market in early 2025, followed by tokenized U.S. Treasury debt at 34%.

Event date

June 12, 2025

Quotes that support claims

In the first half of 2025, the RWA market surged more than 260%, surpassing $23 billion in total valuation.

In the first half of 2025, the total value of RWAs exceeded $23 billion, a growth of more than 260% since the start of the year. Tokenized private credit led the sector with a 58% share, followed by tokenized Treasury bonds at 34%.

During the first half of 2025, that market grew by 260% to over 23 billion dollars. Tokenized private credit dominates the category, comprising 58% of the market, with tokenized U.S. Treasurys at 34%.

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Week 24 of 2025