According to the 2025 Skynet RWA Security Report, the tokenized real-world assets (RWA) market could expand to $16 trillion by 2030, driven by collaboration between traditional financial institutions and decentralized finance (DeFi) platforms. The report highlights that tokenized U.S. Treasuries have already seen rapid growth and are projected to reach $4.2 billion in 2025, with short-term government bonds accounting for most activity.
Major banks and asset managers are exploring tokenization to digitize assets ranging from debt instruments to commodities, with growing use cases in private credit, trade finance, and money market funds. The convergence of TradFi and DeFi presents opportunities for improved efficiency, transparency, and accessibility. Regulatory developments in Hong Kong, Singapore, and the United States are setting frameworks that could accelerate institutional entry.
However, the report outlines structural challenges including limited secondary market liquidity, varying legal treatment across jurisdictions, and the need for standardized risk controls. Cybersecurity and smart contract vulnerabilities remain concerns, with Skynet emphasizing the importance of regulated custodians with robust security infrastructure. Infrastructure investments and regulatory clarity will be required to achieve the projected $16 trillion market size by 2030.
CertiK's report complements these findings, noting that RWA-specific exploits led to $14.6 million in losses in H1 2025, shifting from off-chain credit defaults to on-chain and operational security failures. Top-performing platforms like Ondo Finance, Paxos, and Tether are mitigating these risks through institutional-grade compliance and transparency.
