The market for tokenized real-world assets (RWA) currently has a market value of hundreds of billions of dollars. With clearer regulation of stablecoins and the tokenization of areas beyond U.S. Treasury bonds (such as private credit and real estate), it is expected to see further institutional growth by 2026. Analysts point out that the industry is evolving into a bridge between traditional finance and digital assets, providing around-the-clock settlement and programmable cash flows, although recently, major RWA protocol tokens have underperformed compared to Bitcoin.