Tokenized Assets: Animoca Says RWAs Could Unlock 400 Trillion TradFi Market

From U.S. Treasuries to private credit, the future of finance might be tokenized. Ethereum leads, Chainlink profits, and institutions are circling.

⚡ Quick Hits

• 🌍 TradFi TAM: 400T up for grabs via tokenization
• 📈 Current RWA market: 26.5B (2025, +70% YTD)
• 🏦 Dominant assets: Private credit + U.S. Treasuries = 90%
• ⛓️ Ethereum share: 55% (76% incl. L2s)
• 🔮 Forecast: 16T by 2030 (Skynet RWA Security Report)

📊 The State of Tokenized RWAs

Animoca’s latest research frames RWAs as crypto’s biggest growth story yet. The 400T global TradFi market — spanning private credit, commodities, stocks, bonds, and funds — is ripe for tokenization.

Already, 26.5B worth of assets are on-chain (RWA.xyz, 2025), led by: – Private credit – Short-term U.S. Treasuries

Ethereum dominates the rails with 55% of on-chain RWAs. Add Polygon, Arbitrum, ZKsync, and that jumps to 76%. Liquidity + dev activity = moat.

🧩 Who Benefits? ETH, LINK, and the Infra Layer

Tokenization isn’t just about wrapping bonds. It’s an infra arms race.

– Ethereum (ETH): Network effect + liquidity depth. – Chainlink (LINK): Oracles = lifeblood of price feeds for RWAs. – L2s & challengers: Polygon, ZKsync, Arbitrum, and newer purpose-built chains are carving niches.

Animoca’s researchers:

“There is a strategic race to build full-stack, integrated platforms… Long-term value accrues to projects controlling the asset lifecycle.”

Translation: whoever owns issuance → custody → secondary trading wins.

🏦 Institutions: The Sleeping Giant

Skynet’s RWA Security Report projects 16T tokenized by 2030. This year alone, tokenized U.S. Treasuries = 4.2B, mostly short-term debt.

Institutions are testing tokenization for: – Yield enhancement – Liquidity management – Trade finance + private credit

Regulators in Hong Kong, Singapore, and the U.S. are paving the way. But risks remain: – ⚠️ Thin secondary liquidity – ⚠️ Inconsistent legal status – ⚠️ Smart contract bugs + custody issues

👥 Retail Still Locked Out

For now, RWAs are an institutional playground. Retail access is minimal.

Skynet suggests retail adoption needs: – Regulated intermediaries – Easy on-ramps – Standardized infra + KYC bridges

If solved? 16T tokenization by 2030 isn’t a moonshot — it’s baseline.

🧭 Bigger Picture

RWAs could be crypto’s final bridge into global finance. While meme coins grab attention, real money is flowing into bonds, credit, and regulated yield. Ethereum leads today, but the field is wide open.

This isn’t just DeFi summer — it’s Wall Street going on-chain.

TL;DR

• 🌍 Animoca: RWAs = 400T TradFi market up for grabs
• 📈 Current market 26.5B, dominated by credit + Treasuries
• ⛓️ Ethereum + Chainlink = clear early winners
• 🏦 16T tokenization forecast by 2030
• 👥 Retail locked out (for now), but infra race is heating up