“This is Only the Starting Point”, Says CSO of Chiliz as the Value of Onchain RWA Reaches $30B

The on-chain value of global real-world assets (RWAs) has reached yet another all-time high, for the second time over the last two weeks. According to recent data, the on-chain value of this market now sits above $30 billion. This is the first time in history that the RWA sector has reached this milestone

However, Max Rabinovitch, the Chief Strategy Officer (CSO) of Chiliz – the sports blockchain, believes that this is just the beginning. In an exclusive commentary to Blockchain News, Max expressed that the RWA onchain value could go far beyond the current level

Value of Onchain RWA Tops $30 Billion

As of this writing, data by rwa.xyz shows that the total value of onchain RWA sits at $30.26 billion, marking a new all-time high for the sector. By achieving this milestone, the real-world assets sector shows immense growth, especially recently. Over the last 30 days, for instance, the onchain value for this sector has surged by +9.31%

With the market now clocking just 212 real-world asset issuers, there is an upswing in demand for tokenized assets. The recent surge on the number of investors holding these assets shows this increase in demand. Currently, there are 394,814 RWA holders, having surged by +6.77% over the last 30 days alone.

Value of Onchain RWA| Source: rwa.xyzThe CSO of Chiliz has echoed this surge in onchain value of the RWA sector, citing the strong momentum. He said;

“Breaking the $30 billion mark for tokenised RWAs is not just proof of progress. It highlights the sharp upward trajectory and the pace of growth, with nearly 10 percent lift in the past month alone.”

Tokenized Private Credit, Equities and Treasuries Command the Lion’s Share

Max Rabinovitch further highlighted that the surge in RWA onchain value can be attributed to a strong boost from tokenized private credit, equities and treasuries

“So far, most of that growth has been driven by tokenised treasuries, on-chain private credit, and tokenised equities,” Max noted

For context, on-chain private credit accounts for $17.0 billion, which means more than half of the total value. On the other hand, structured credit accounts for $12.5 billion while tokenized US treasury debt accounts for $7.4 billion. Tokenized commodities account for $2.0 billion

Total RWA Onchain Value Market Share | Source: rwa.xyzHowever, despite the recent growth in real-world assets onchain value, the CSO of Chiliz believes that this is only the start for mass adoption of these assets across the world. He claims that tokenization could grow beyond finance, into other sectors such as sports, entertainment and art

“…this is only the starting point. The same technology will find traction well beyond finance. In sports, entertainment, and even art, tokenisation opens the door for investors to hold a tangible stake in an asset and benefit from its value both on-chain and in the real world,” he remarked

What’s Next for the RWA Sector?

Right now, the real-world assets sector is booming as highlighted by the growing onchain value and number of holders. Moving forward, this sector could gain more traction with firms aiming to capitalize on the opportunities opened up tokenization

As reported earlier by Blockchain News, Chainlink co-founder Sergey Nazarov previously predicted that the RWA onchain value could even surpass that of the crypto market in future. Furthermore, a previous report by Standard Chartered predicted that the value of the real-world assets sector could reach $30.1 trillion by 2034

“A new paper published today by Standard Chartered and Synpulse, predicts that demand for overall tokenised assets could reach USD 30.1 trillion by 2034, and that trade finance assets could become one of the top three tokenised assets globally, at 16% of the total,” Standard Chartered shared in a statement.

Based on the Standard Chartered projection, Max believes that we are still early into real-world asset tokenization. “With Standard Chartered projecting the RWA market could reach $30 trillion by 2034, it is clear we are only at the beginning,” he said. Recent growth and projections thus align with the fact that the value of onchain RWA sector could grow further in future