TOKENIZATION OF REAL-WORLD ASSETS (RWA): A BRIDGE BETWEEN TRADITIONAL FINANCE AND BLOCKCHAIN
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Published:
Nov 21, 2025
Abstract
This article explores the phenomenon of tokenization of real world assets (RWAs) as a key trend in the development of the modern financial ecosystem. The mechanisms of transforming physical and financial assets into digital tokens on the blockchain are analyzed, the advantages and risks of this approach are considered, and up-to-date data on the growth of the RWA market are presented. Research indicates that the market for tokenized assets is demonstrating exponential growth, having reached USD 176 billion in 2024, with projections estimating an increase to USD 16 trillion by 2030 [1,2].
How to Cite
Aloshyna, A., & Aleksandrov, A. (Oleksii). (2025). TOKENIZATION OF REAL-WORLD ASSETS (RWA): A BRIDGE BETWEEN TRADITIONAL FINANCE AND BLOCKCHAIN. Baltic Journal of Legal and Social Sciences, 41-49. https://doi.org/10.30525/2592-8813-2025-spec-4
##plugins.themes.bootstrap3.article.details##
Keywords
real world assets (RWAs), tokenization, blockchain, decentralized finance (DeFi), digital assets, smart contracts, CBDC, GovTech
References
1. Vince Dioquino (2025) Real World Asset Tokenization to Hit $50B in 2025: Ozean. Retrieved from:
2. Boston Consulting Group. (2023). The Future of Asset Tokenization: A $16 Trillion Opportunity. BCG Digital Finance Report. Retrieved from: www. bcg.com
3. Boston Consulting Group (2024) Tokenized Funds: The Third Revolution in Asset Management Decoded. Retrieved from: www. bcg.com
4. Helen Brain (2024) Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive Growth.
5. Franklin Templeton Industry Advisory Services (2024) ETFs and the pathway to real-world asset tokenization Retrieved from: www.franklintempleton.com
6. Carlos Domingo (2024) Tokenized Treasuries: A Game-Changer for Collateral in Crypto Markets Retrieved from: www.coindesk.com
7. OUSG Ondo Short-Term US Treasuries Fund (2025). Retrieved from: www.ondo.finance/ousg
8. Kinji Steimetz (2024) Welcome to Real World. Retrieved from: www.messari.io/research/kinji-steimetz coindesk.com
9. Patrick Dike Ndulue (2025) Top 10 Real World Assets (RWA) Crypto Retrieved from: www.tangem.com/en/blog/post/real-world-assets-rwa/
10. CoinGecko Research. (2024). RWA Report 2024: Rise of Real World Assets in Crypto. Retrieved from www.coingecko.com/research/publications/rwa-report-2024
11. Transak. (2024). State of RWA Tokenization Report 2024. Retrieved from: www.transak.com/blog/transak-state-of-rwa-tokenization-report-2024
12. Securitize. (2025).BlackRock USD Institutional Digital Liquidity Fund (BUIDL) Surpasses $1B in AUM. Press Release. Retrieved from: www.blackrock.com
13. ONDO (2025) Short Term US Treasuries Fund. Retrieved from: www.ondo.finance/ousg
14. Societe Generale (2024) successfully completed a first repo transaction on public blockchain with the Banque de France. Press Release. Retrieved from: www.societegenerale.com/en/news/press-release/societe-generale-successfully-completed-first-repo-transaction-public-blockchain-banque-de-france
15. Centrifuge. The leading platform for tokenized financial products. Retrieved from: www.centrifuge.io/
16. Real World Asset (RWA) Tokenization Ecosystem (2025) Tokenization Map. Retrieved from: www.tokeny.com
17. Krisztian Sandor (2024) MakerDAO's $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock's BUIDL, Ondo, Superstate Retrieved from: www.finance.yahoo.com/news
18. ONDO Finance (2025). Retrieved from: www.ondo.finance
19. Sam Reynolds (2025) BlackRick, BNY Team Up to Tokenize Shares of 150 B USD Treasury Trust Fund. Retrieved from: www.coindesk.com/markets
20. Krisztian Sandor (2025) Ripple, BCG Project 18,9T USD Tokenized Asset Market by 2033. Retrieved from: www.coindesk.com/markets/2025/
21. Kinji Steimetz (2025) Evaluating the parpification of Real World Assets. Retrieved from: www.messari.io/report/evaluating-the-perpification-of-real-world-assets
2. Boston Consulting Group. (2023). The Future of Asset Tokenization: A $16 Trillion Opportunity. BCG Digital Finance Report. Retrieved from: www. bcg.com
3. Boston Consulting Group (2024) Tokenized Funds: The Third Revolution in Asset Management Decoded. Retrieved from: www. bcg.com
4. Helen Brain (2024) Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive Growth.
5. Franklin Templeton Industry Advisory Services (2024) ETFs and the pathway to real-world asset tokenization Retrieved from: www.franklintempleton.com
6. Carlos Domingo (2024) Tokenized Treasuries: A Game-Changer for Collateral in Crypto Markets Retrieved from: www.coindesk.com
7. OUSG Ondo Short-Term US Treasuries Fund (2025). Retrieved from: www.ondo.finance/ousg
8. Kinji Steimetz (2024) Welcome to Real World. Retrieved from: www.messari.io/research/kinji-steimetz coindesk.com
9. Patrick Dike Ndulue (2025) Top 10 Real World Assets (RWA) Crypto Retrieved from: www.tangem.com/en/blog/post/real-world-assets-rwa/
10. CoinGecko Research. (2024). RWA Report 2024: Rise of Real World Assets in Crypto. Retrieved from www.coingecko.com/research/publications/rwa-report-2024
11. Transak. (2024). State of RWA Tokenization Report 2024. Retrieved from: www.transak.com/blog/transak-state-of-rwa-tokenization-report-2024
12. Securitize. (2025).BlackRock USD Institutional Digital Liquidity Fund (BUIDL) Surpasses $1B in AUM. Press Release. Retrieved from: www.blackrock.com
13. ONDO (2025) Short Term US Treasuries Fund. Retrieved from: www.ondo.finance/ousg
14. Societe Generale (2024) successfully completed a first repo transaction on public blockchain with the Banque de France. Press Release. Retrieved from: www.societegenerale.com/en/news/press-release/societe-generale-successfully-completed-first-repo-transaction-public-blockchain-banque-de-france
15. Centrifuge. The leading platform for tokenized financial products. Retrieved from: www.centrifuge.io/
16. Real World Asset (RWA) Tokenization Ecosystem (2025) Tokenization Map. Retrieved from: www.tokeny.com
17. Krisztian Sandor (2024) MakerDAO's $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock's BUIDL, Ondo, Superstate Retrieved from: www.finance.yahoo.com/news
18. ONDO Finance (2025). Retrieved from: www.ondo.finance
19. Sam Reynolds (2025) BlackRick, BNY Team Up to Tokenize Shares of 150 B USD Treasury Trust Fund. Retrieved from: www.coindesk.com/markets
20. Krisztian Sandor (2025) Ripple, BCG Project 18,9T USD Tokenized Asset Market by 2033. Retrieved from: www.coindesk.com/markets/2025/
21. Kinji Steimetz (2025) Evaluating the parpification of Real World Assets. Retrieved from: www.messari.io/report/evaluating-the-perpification-of-real-world-assets