A study by Ripple and Boston Consulting Group (BCG) forecasts significant growth in the tokenized real-world asset market, expected to rise from $0.6 trillion to $18.9 trillion by 2033.
Growth Predictions for Tokenized Assets
The study indicates that tokenized real-world assets (RWAs) are set to grow to $18.9 trillion by 2033, with an anticipated value of $9.4 trillion by 2030, reflecting a compound annual growth rate (CAGR) of 53%.
> "A shift from $0.6T to $18.9T is on the way as tokenization reshapes global finance." CITE_NA
The Role of Regulation and Technology in Market Growth
Key factors driving this growth include the presence of clear regulatory frameworks, particularly in regions like the European Union, UAE, and Switzerland. The technological infrastructure, which includes secure digital wallets, enhances market appeal as integrated financial services between traditional banks and fintech continue to evolve.
Ripple's Active Role in Tokenization
Ripple has been a proactive player in implementing the concept of tokenization and launching products that reflect this idea. For instance, Ripple's CTO David Schwartz claims tokenization simplifies ownership transfer and enhances asset trading capabilities.
> "Tokenization is no longer just a concept—it’s the foundation for the future of global finance.” CITE_W_A
The tokenization of real-world assets remains a significant trend in the financial sector, with Ripple highlighting the importance of adapting to new technologies and opportunities available in the market.
