In 2025, two key initiatives highlight the maturity of the digital asset ecosystem. The tokenized real assets (RWA) market has reached significant volumes, while Hong Kong implements a new policy to support the development of this field.
Tokenized Assets: Growth and Development
According to the RedStone report, the tokenized real asset market has grown to $24 billion, increasing by 380% since 2022. Tokenized private credit has become the primary asset class, making up over half of the market.
Hong Kong and New Digital Asset Policy
The Hong Kong government has released its second major statement on digital asset regulation, focusing on investor protection and risk management. Plans include consultations on licensing for various market participants.
Future of Programmable Yield Economy
The growth of tokenized private credit indicates a shift towards a programmable yield economy, where transparent distribution of income is achieved via smart contracts. This opens new avenues for liquidity and participation in global capital investments.
These developments highlight the significant potential for the growth of the tokenized asset market and further solidify Hong Kong as a hub for digital innovation.
