RWA Tokenization Soars 229%: Is US Treasury On-Chain Just the Appetizer?

[Crypto World] The tokenization of real-world assets (RWA) has suddenly taken off this year.

The latest data from a certain research institution is quite astonishing—by 2025, this sector is expected to surge by 229%, and this wave of enthusiasm is very likely to continue into next year. The main driver is the on-chain issuance of US Treasury bonds, with the market size ballooning from $3.9 billion at the beginning of the year to $8.68 billion now, with most of the share being captured by the Ethereum network.

What’s interesting is that tokenization is no longer just a toy for tech geeks. Traditional financial institutions are starting to take it seriously, and regulators have also set their sights on this piece of the pie. Treasury bonds and other securities that used to exist only within the banking system are now gradually being moved onto the blockchain.

The underlying logic is simple: the global demand for dollar-denominated returns has never stopped. When issuance, settlement, and distribution processes can all be run on the blockchain, the advantages in efficiency and transparency become impossible to ignore. In the short term, US Treasuries are taking center stage, but in the long run, it’s only a matter of time before more traditional assets move on-chain.

This isn’t just hype—it’s real money pouring in.