Real World Asset (RWA) tokenization has surpassed $35 billion on-chain in 2025, according to AICryptoCore. This milestone is driven by institutional adoption, with major players like BlackRock and Franklin Templeton participating. The expansion is supported by enhanced market infrastructure and regulatory engagement, alongside the growth of tokenized assets on Ethereum and other blockchains. Private credit and tokenized treasuries have emerged as the largest sectors within the RWA space. Liquidity in these markets is primarily facilitated through Ethereum and stablecoins, reflecting a robust integration of traditional finance with blockchain technology.