Singapore Tops 2025 Global Crypto Rankings as RWA Tokenization Jumps 63%: Report

Group 1: Core Insights - Singapore ranks first in Bybit's World Crypto Rankings 2025, highlighting its active and structured digital-asset market [1] - The ranking evaluates countries based on user activity, institutional readiness, and cultural engagement, with Singapore scoring 7.5 out of 10 [2] - The United States follows closely with a score of 7.3, supported by trading volumes and a growing base of tokenization projects [3] Group 2: Adoption Models - Two distinct global crypto adoption models are identified: institution-driven patterns in countries like Singapore and the U.S., and everyday usage in countries like Vietnam and Nigeria [4] - Countries facing economic constraints, such as Ukraine and Moldova, show high crypto adoption relative to their population size [5] Group 3: Market Growth - The market for tokenized real-world assets (RWAs) has increased by over 63% since January 2024, reaching $25.7 billion in early 2025 [6] - Private credit and U.S. Treasuries are the dominant sectors within the tokenized RWA market, holding $15.6 billion and $6.7 billion, respectively [6] Group 4: Institutional Readiness - The United States achieves a perfect score in institutional readiness, bolstered by regulatory clarity and strong engagement from Wall Street [7]