The tokenization of real-world assets is graduating from a promising concept to a functioning market. At Consensus Hong Kong 2026, leaders from Animoca Brands, Mastercard, and Robinhood discussed the present focus on tokenized United States Treasury bonds, money market funds, stablecoins, and better collateral management.
According to Rob Goldstein, COO of BlackRock, blockchain is “the biggest financial breakthrough since double-entry bookkeeping.” SEC Chairman Paul Atkins said that tokenization could increase market transparency and predictability if the rules are clear. Currently, on-chain RWAs amount to about $24 billion, backed by about $365 billion in assets.
According to RWA.xyz, there is about $8.7 billion locked away on the blockchain as U.S. government bonds, making up about 45% of the total $19.4 billion in tokenized real-world assets. The heavy-hitting asset managers BlackRock, Franklin Templeton, and JPMorgan have already launched tokenized funds. Looking forward to the rest of 2026, the outlook is aggressive.
Excluding stablecoins, the tokenized RWA market may be worth more than $100 billion by the end of 2026, and McKinsey estimates the market may be worth $2 trillion by 2030. For fintechs and compliance operations, the regulatory landscape of tokenized securities and when an asset crosses into the world of securities becomes an increasingly important operational competency.
