The financial landscape is undergoing a dramatic transformation, according to a new joint report by Ripple and Boston Consulting Group (BCG).
The study forecasts that the tokenized real-world assets (RWAs) market will surge from $0.6 trillion today to $18.9 trillion by 2033, with $9.4 trillion expected by 2030. This reflects a compound annual growth rate (CAGR) of 53%, signaling a major shift in how global finance will function in the next decade.
Tokenization means converting traditional financial assets like real estate, private credit, and bonds into digital tokens. These assets become programmable, tradable 24/7, and accessible in smaller units, offering greater liquidity and transparency.
“Tokenization is transforming financial assets into programmable, interoperable tools, recorded on shared digital ledgers,” said Tibor Merey, Managing Director and Partner at BCG.
Major players such as BlackRock, Fidelity, and JPMorgan already have a head start in tokenized finance. Ripple’s Senior Vice President of RippleX, Markus Infanger, pointed out that markets are moving away from merely holding tokenized assets toward integrating them into actual economic activity.
Principal growth drivers are regulatory certainty in markets such as the EU, UAE, and Switzerland, coupled with mature technology infrastructure like wallets and digital custodians. Simultaneously, strategic deals and mergers between banks and fintech players are speeding the advance.
Despite challenges like fragmented infrastructure and regulatory differences, the momentum is clear. “Tokenization is no longer just a concept—it’s the foundation for the future of global finance,” said BCG’s Bernhard Kronfellner.
