세계의 실물자산 토큰화 신용 플랫폼 시장 예측 : 자산유형별, 전개 방식별, 기술별, 용도별, 최종사용자별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Tokenised Real-Asset Credit Platforms Market is accounted for $2.1 billion in 2025 and is expected to reach $13.5 billion by 2032 growing at a CAGR of 30.7% during the forecast period. Tokenised Real-Asset Credit Platforms are blockchain-based financial systems where ownership or credit rights to tangible assets-such as real estate, equipment, or commodities-are digitally tokenized and traded. These platforms enable fractional ownership, real-time settlement, and transparent collateralization of real assets to facilitate lending, borrowing, or investment. Tokenization democratizes asset access, enhances liquidity, and automates credit operations through immutable smart contracts.

According to BIS Innovation Hub, platforms are tokenizing commercial real estate assets to use as collateral for decentralized loans, unlocking liquidity for a traditionally illiquid asset class.

Market Dynamics:

Driver:

Growing institutional interest in tokenization

The primary market driver is the rapidly growing interest from institutional investors in asset tokenization. Major financial institutions, hedge funds, and asset managers are recognizing the profound efficiency gains, enhanced liquidity, and new asset-class access that tokenization provides. This shift is moving tokenized assets from a niche concept to a mainstream investment strategy, fueling significant capital inflow into platforms that can fractionalize real-world assets like real estate and fine art, thereby democratizing access to previously illiquid and high-capital markets.

Restraint:

Regulatory barriers across jurisdictions

A significant factor restraining market growth is the complex and fragmented global regulatory landscape. The absence of a unified legal framework for tokenized securities creates uncertainty for issuers and investors. Compliance with diverse securities laws, anti-money laundering (AML) requirements, and know-your-customer (KYC) rules across different countries is a major operational hurdle. This lack of regulatory clarity discourages widespread adoption and poses a substantial challenge for platforms seeking to operate on a global scale, slowing down market expansion and innovation.

Opportunity:

Integration with blockchain-based lending

A pivotal market opportunity lies in the integration of tokenized asset platforms with decentralized finance (DeFi) and blockchain-based lending protocols. Tokenized real-world assets can be used as programmable, transparent collateral for secure and automated loans. This unlocks the dormant capital within illiquid assets, allowing owners to access liquidity without selling their property. This fusion of traditional asset value with innovative crypto-finance creates a powerful new financial primitive, opening vast revenue streams and enhancing the utility of tokenized assets.

Threat:

Volatility in digital asset valuations

A critical threat to the industry is the high volatility inherent in the broader digital asset market. Sharp downturns in the cryptocurrency space can erode investor confidence and reduce the capital flowing into tokenized real-asset projects. Furthermore, the perceived association with speculative crypto-assets can deter more conservative, traditional investors who are essential for market growth. This volatility poses a reputational risk and can lead to liquidity crunches, threatening the stability and perceived reliability of the entire tokenized asset ecosystem.

Covid-19 Impact:

The COVID-19 pandemic accelerated the Tokenised Real-Asset Credit Platforms Market by intensifying demand for digital financing and decentralized asset management solutions. Traditional lending constraints and liquidity shortages prompted investors to explore blockchain-based asset tokenization for fractional ownership and secure credit access. Although early-stage projects faced regulatory uncertainty and capital delays, post-pandemic recovery spurred institutional adoption. Fueled by rising fintech innovation, transparency needs, and cross-border investment interest, tokenized credit ecosystems gained stronger market validation and long-term scalability.

The real estate segment is expected to be the largest during the forecast period

The real estate segment is expected to account for the largest market share during the forecast period, owing to the asset class's immense size, inherent illiquidity, and high entry barriers. Tokenization directly addresses these pain points by enabling fractional ownership of commercial and residential properties. This democratizes access for a broader investor base, unlocks trillions of dollars in trapped capital, and introduces unprecedented liquidity to a traditionally stagnant market, making real estate the foundational and most dominant application for tokenized real-asset credit platforms.

The cloud-based segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cloud-based segment is predicted to witness the highest growth rate, reinforced by its superior scalability, cost-effectiveness, and operational agility. Cloud deployment allows tokenization platforms to rapidly onboard new clients, seamlessly integrate with other financial services APIs, and manage fluctuating transaction volumes without major upfront infrastructure investment. The model's flexibility is crucial for startups and financial institutions alike to innovate quickly and securely, driving its widespread adoption as the preferred technical foundation for these platforms.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, ascribed to its rapid digitalization, strong retail investor participation, and progressive regulatory sandboxes in financial hubs like Singapore and Hong Kong. The region's massive, tech-savvy population and high demand for alternative investments, coupled with governments actively exploring central bank digital currencies (CBDCs), create a fertile environment for the adoption of tokenized assets, positioning Asia Pacific at the forefront of this financial transformation.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR associated with its deep and mature capital markets, a high concentration of institutional capital, and proactive steps by US and Canadian regulators to define digital asset frameworks. The presence of leading financial technology firms, robust venture capital funding, and strong demand from asset managers for innovative products drives rapid innovation and commercialization, making North America a hotbed for the growth of advanced tokenized credit platforms.

Key players in the market

Some of the key players in Tokenised Real-Asset Credit Platforms Market include Centrifuge, RealT, Polymath, Securitize, Tokeny Solutions, Propellr, Figure Technologies, Republic, Constellation, Stobox, Anchorage Digital, Block, Flexa, Goldman Sachs, and BlackRock

Key Developments:

In October 2025, Centrifuge launched an upgraded version of its decentralized finance (DeFi) protocol, improving the accuracy of its risk assessment models for tokenized agricultural and renewable energy assets. The update supports real-time collateral valuation and automated loan-to-value (LTV) adjustments based on oracle-fed data.

In September 2025, Goldman Sachs & Securitize expanded their strategic partnership to tokenize a $500 million portfolio of commercial real estate (CRE) assets. The initiative will create a new, regulated security token offering (STO) that provides institutional clients with fractional ownership and enables the use of these tokens as collateral for intra-day credit facilities on a permissioned blockchain.

Asset Types Covered:

• Real Estate
• Infrastructure Assets
• Commodities
• Green Energy Projects
• Art & Collectibles
• Industrial Equipment

Deployment Modes Covered:

• Cloud-Based
• On-Premise
• Hybrid
• API-Integrated
• Web3 Wallet-Connected
• Exchange-Based

Technologies Covered:

• Blockchain
• Smart Contracts
• Distributed Ledger Systems
• Tokenization Protocols
• DeFi Integration
• Oracles & Custody Layers

Applications Covered:

• Asset-Backed Lending
• Fractional Ownership
• Supply Chain Finance
• Carbon Credit Trading
• Tokenised Bonds
• Sustainable Project Financing

End Users Covered:

• Institutional Investors
• Asset Managers
• SMEs
• DeFi Users
• Financial Institutions
• Government & Regulatory Bodies

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Tokenised Real-Asset Credit Platforms Market, By Asset Type

• 5.1 Introduction
• 5.2 Real Estate
• 5.3 Infrastructure Assets
• 5.4 Commodities
• 5.5 Green Energy Projects
• 5.6 Art & Collectibles
• 5.7 Industrial Equipment

6 Global Tokenised Real-Asset Credit Platforms Market, By Deployment Mode

• 6.1 Introduction
• 6.2 Cloud-Based
• 6.3 On-Premise
• 6.4 Hybrid
• 6.5 API-Integrated
• 6.6 Web3 Wallet-Connected
• 6.7 Exchange-Based

7 Global Tokenised Real-Asset Credit Platforms Market, By Technology

• 7.1 Introduction
• 7.2 Blockchain
• 7.3 Smart Contracts
• 7.4 Distributed Ledger Systems
• 7.5 Tokenization Protocols
• 7.6 DeFi Integration
• 7.7 Oracles & Custody Layers

8 Global Tokenised Real-Asset Credit Platforms Market, By Application

• 8.1 Introduction
• 8.2 Asset-Backed Lending
• 8.3 Fractional Ownership
• 8.4 Supply Chain Finance
• 8.5 Carbon Credit Trading
• 8.6 Tokenised Bonds
• 8.7 Sustainable Project Financing

9 Global Tokenised Real-Asset Credit Platforms Market, By End User

• 9.1 Introduction
• 9.2 Institutional Investors
• 9.3 Asset Managers
• 9.4 SMEs
• 9.5 DeFi Users
• 9.6 Financial Institutions
• 9.7 Government & Regulatory Bodies

10 Global Tokenised Real-Asset Credit Platforms Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Centrifuge
• 12.2 RealT
• 12.3 Polymath
• 12.4 Securitize
• 12.5 Tokeny Solutions
• 12.6 Propellr
• 12.7 Figure Technologies
• 12.8 Republic
• 12.9 Constellation
• 12.10 Stobox
• 12.11 Anchorage Digital
• 12.12 Block
• 12.13 Flexa
• 12.14 Goldman Sachs
• 12.15 BlackRock