Foreign media comment that tokenization of real-world assets is moving from proof-of-concept to larger-scale applications. The article notes that the assets themselves have not changed—what has changed is the underlying settlement and ownership mechanism: settlement, which previously took days, is now compressed to seconds; assets that were once accessible only to a few institutions are now entering on-chain circulation with lower barriers to entry.
On-chain RWA size rises to approximately $31 billion.
According to RWA.xyz, as of the time of writing, the on-chain value of tokenized real-world assets is nearing $31 billion, representing approximately a 15% increase over the past 30 days. Government bonds remain the largest single category, while gold-backed tokens have driven growth in commodity-related assets. The article notes that tokenized stocks, a relatively small segment just two years ago, now exceed their entire 2025 annual trading volume in a single quarter.
Private credit has become a key source of growth.
The article argues that private credit is one of the most noteworthy applications today. This market, which amounts to approximately $3 trillion in traditional finance, currently has over $14 billion in related assets actively circulating on-chain. In the past, these types of assets—direct loans to businesses—were typically accessible only to large institutional investors; tokenization is now transforming both access and liquidity efficiency.
Structurally, private credit has become one of the largest non-sovereign sectors in the tokenized assets market. This also means that RWA growth is no longer solely dependent on low-risk instruments like short-term Treasuries, but is expanding into a broader range of credit assets.
Trade finance scenarios are beginning to scale up.
The article also notes that some public blockchains are building infrastructure around trade finance and institutional asset issuance. For example, the XDC network had over $1.1 billion in tokenized assets by early June 2026, approximately 80% of which were structured real-world assets.
The article states that XDC's distinguishing features go beyond scale, focusing on its design for cross-border trade finance, including approximately two-second settlement, near-zero transaction costs, and compatibility with the ISO 20022 financial messaging standard. These capabilities primarily serve to tokenize assets such as invoices, letters of credit, and accounts receivable, helping to reduce financing processes that traditionally take weeks to just a few hours.
The Asian Development Bank previously estimated the global trade finance gap at approximately $2.5 trillion. The article suggests that this gap stems from numerous businesses being unable to access financing in a timely manner, and tokenized infrastructure is aiming to address this market.
Institutional adoption is on the rise.
The article also cites data showing that 96% of Asian fund managers plan to advance asset tokenization over the next three years. Meanwhile, regulatory clarity is improving in the United States, Europe, and Singapore.
Foreign media believe that the capital entering this market is more characterized by long-term allocation rather than short-term speculation. For institutions still on the sidelines, the current changes are no longer just technological experiments, but signals that financial infrastructure is beginning to restructure.