Tokenized real-world assets grew 260% in 2025

According to the report, the RWA sector has grown 260% from $8.6B at the start of the year to more than $23B as of today

Private credit and US government debt account for the overwhelming majority — 58% and 34% respectively, a combined 92%

One of the main growth drivers has been BlackRock's BUIDL fund, which has grown from $649M at the start of the year to $2.9B, an increase of nearly 350%

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