2025年RWA产业发展指南报告

Core Insights - The report outlines the rise of Real World Assets (RWA) and their role in reshaping the global financial ecosystem through the tokenization of traditional assets using blockchain technology [1][2][3] Industry Overview - RWA refers to the tokenization of physical and financial assets such as real estate, bonds, and art through blockchain, enabling liquidity and accessibility for investors [16][18] - The development of RWA has progressed through several phases: early exploration (2017-2019), initial development (2020-2022), and rapid expansion (2023-present) [20][22][23] Market Size and Growth Trends - As of 2024, the global RWA market is valued at over $12.7 billion, with stablecoins growing from $4 billion in 2020 to $156 billion in 2024, a 3800% increase [3][4] - Boston Consulting Group predicts that by 2030, the RWA market could reach $16 trillion, representing about 10% of global GDP [3] Key Market Participants - Major players include BlackRock, Fidelity, and Goldman Sachs, which are exploring asset tokenization and integrating RWA into their portfolios [3][4] - Ant Group is a significant driver in the domestic market, collaborating on various RWA projects, including a $2 million photovoltaic asset project [3][4] Application Areas - RWA applications span multiple sectors, including finance (tokenized US Treasury bonds), real estate (RealT), agriculture (Shanghai Malu grape project), and industrial automation (tokenization of industrial robots) [4][5] Technological Framework - RWA relies on a three-layer architecture: core infrastructure (blockchain), middleware (oracles), and application layer, facilitating user-friendly interactions with RWA [5][6] - The development of RWA is supported by advancements in blockchain technology, including sharding, zero-knowledge proofs, and cross-chain capabilities [6] Regulatory Environment - The regulatory landscape for RWA varies significantly across regions, with some areas like Hong Kong adopting supportive measures while others remain cautious [5][6] - The establishment of clear regulatory frameworks is crucial for the healthy development of the RWA industry [5][6] Future Development Directions - Future growth in the RWA sector will be driven by technological innovation, cross-sector integration, and shifts in the global market landscape [6] - RWA is positioned as a bridge between the traditional and digital economies, offering new financing avenues for SMEs and enhancing financial inclusivity [6]