The decentralized real-world asset (RWA) market is projected to expand significantly, reaching $400 billion by 2030, according to a joint report by market maker Keyrock and tokenization platform Securitize. This represents a growth of over 1,000% from its current valuation of $29 billion. The broader blockchain-tracked RWA market is expected to reach $5 trillion in the same timeframe. The report highlights five asset classes: government bonds, private credit, equities, commodities, and alternative funds. Notably, RWA perpetual contracts have emerged as the fastest-growing on-chain channel, with trading volumes increasing 40-fold in six months to an average of $67 billion per month. These contracts now account for 10.1% of total on-chain derivatives volume, a figure projected to rise to 50% by 2028. Additionally, tokenized government bond yields have consistently outperformed DeFi benchmark stablecoin lending rates since mid-2024, peaking at 98% in early 2026.