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

Singapore has officially taken the crown as the world’s leading crypto hub in 2025, according to a new industry report — and the biggest driver behind its rise isn’t hype or trading volume. It’s real-world asset (RWA) tokenization, a sector that surged an impressive 63% year-over-year inside the city-state’s rapidly maturing digital-asset economy.

Why Singapore Is Suddenly Number One

Unlike other countries that swing between enthusiasm and crackdowns, Singapore has built a stable, long-term regulatory framework, giving investors and institutions something priceless: clarity. Its Monetary Authority of Singapore (MAS) has pushed for transparent licensing, controlled innovation, and strict compliance — a balance that has attracted banks, Web3 companies, and global funds.

Add in a tech-savvy population, government-backed innovation programs, and strong banking infrastructure, and the city has become a natural magnet for crypto capital.

RWA Tokenization: Singapore’s Secret Weapon

One of the strongest growth areas is RWA tokenization — the process of turning traditional financial assets like bonds, invoices, private credit, and even real estate into blockchain-based tokens.

The report notes that:

Institutional adoption of RWAs jumped sharply

Private funds and banks are piloting tokenized debt products

Singapore’s regulatory framework is becoming the global benchmark

This 63% surge is a sign that crypto in Singapore is no longer about speculation — it’s shifting into utilities, yield products, and real financial infrastructure.

How It Outpaced the US, UAE, and Hong Kong

While the US still dominates market capitalization and talent pools, regulatory uncertainty continues to push companies offshore. Hong Kong is making progress, but capital flows remain cautious. The UAE is booming but more focused on crypto exchanges and wealth inflows than institutional RWAs.

Singapore, meanwhile, is capturing the “institutional crypto” era, which many believe.