According to Odaily Odaily, as stablecoins validate Product-Market Fit (PMF) in 2025, the crypto industry is pushing for the further development of "on-chain dollars," tokenizing assets such as stocks, ETFs, money market funds, and gold as tradable on-chain financial infrastructure modules. Several industry executives predict that the tokenized asset market is expected to grow to approximately $400 billion by 2026.
Hashdex Chief Investment Officer Samir Kerbage stated that the current market size of tokenized assets is approximately $36 billion, and the next phase of growth will stem more from a structural reshaping of value transfer methods than from purely speculative demand. He pointed out that once stablecoins mature as "on-chain cash," funds will naturally flow to investable assets, becoming a bridge between digital currencies and digital capital markets.
The report points out that the scale of tokenized assets approached $20 billion in 2025, with traditional financial institutions such as BlackRock, JPMorgan Chase, and Bank of New York Mellon deeply involved. Tether CEO Paolo Ardoino believes that 2026 will be a crucial year for banks to move from pilot programs to actual deployment, especially in emerging markets, where tokenization can help issuers bypass the limitations of traditional infrastructure.
Furthermore, Centrifuge COO Jürgen Blumberg predicts that by the end of 2026, the total value locked in on-chain real-world assets (RWA) may exceed $100 billion, and more than half of the world's top 20 asset management institutions will launch tokenized products. Securitize CEO Carlos Domingo points out that natively tokenized stocks and ETFs will gradually replace synthetic asset models and become important high-quality collateral in DeFi.
CoinDesk believes that legal clarity, cross-chain interoperability, and a unified identity system remain key prerequisites for the expansion of the tokenization market, but the industry consensus has shifted from "whether to go on-chain" to "the scale and speed of on-chain deployment." (CoinDesk)
