Tokenized Real-World Assets Hit $60B, But Liquidity Gaps Persist, Experts Say

The market for tokenized real-world assets (RWAs) has climbed to roughly $60 billion in value, but the sector still suffers from shallow trading activity, restricted access for everyday investors, and heavy concentration among a small number of players, according to BeInCrypto.

The figure marks a milestone for an industry often pitched as the bridge between traditional finance and blockchain rails. Yet despite the headline growth, BeInCrypto reports that experts view the current state of tokenization as far less mature than the total value locked suggests.

Growth Numbers Mask Structural Weaknesses

Tokenization has been promoted for years as a way to bring assets such as bonds, credit, real estate, and commodities on-chain, unlocking round-the-clock trading and fractional ownership. The $60 billion figure cited by BeInCrypto reflects genuine adoption momentum across issuers experimenting with on-chain versions of traditional instruments.

However, the report notes that much of this value sits idle rather than actively traded. Thin secondary-market activity means that tokenized assets, once issued, often see little of the liquid, continuous trading that proponents originally promised as a core benefit of putting real-world assets on blockchain rails.

Access and Concentration Remain Key Barriers

BeInCrypto also highlights limited access as a persistent problem. Many tokenized RWA products remain gated behind accreditation requirements, institutional-only platforms, or jurisdictional restrictions, keeping the retail investors who are often cited as a target audience largely locked out of the market.

Market concentration compounds the issue. According to the report, a relatively small group of issuers and platforms account for a disproportionate share of the tokenized RWA market, raising questions about how distributed and resilient the sector really is beneath its aggregate valuation.

What It Means for the Broader Crypto Market

Tokenized RWAs have been framed by many in the industry as one of the clearest paths toward mainstream institutional adoption of blockchain infrastructure, since they link on-chain systems directly to traditional financial instruments. The $60 billion valuation is often cited as evidence of that thesis playing out.

But the liquidity and access issues flagged by BeInCrypto suggest the sector is still in an early, uneven stage of development. For the market to mature into something resembling traditional capital markets in depth and openness, analysts cited in the report indicate that trading volumes, investor access, and issuer diversity will all need to expand well beyond current levels.

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