A report from Redstone shows that private credit is the most important motivation of growth in the Real-World asset market.
Tokenized Real-World assets are one of the biggest trends in Crypto this year. Redstone published a report About the State of On-Chain Financing in the first half of 2025. The report notes that RWAS has become one of the fastest growing categories.
RWAS achieved an estimated value of more than $ 24 billion in June 2025, an increase of $ 5 to $ 10 billion in 2022. This growth was only second for Stablecoins, who saw even stronger performance in the same period.
According to Marcin Kaźmierczak, co-founder of Redstone, the primary engine behind this RWA growth is private credit. This refers to loans that are provided outside the traditional banking system, often directly issued to private companies.
“Private credit has emerged as the basis for the real impact of tokenization. What we are now seeing is institutional financing that is actively going to blockchain, but not explore and innovate in a meaningful way with RWA running strategies,” Marcin Kaźmierczak, Redstone.
How to change RWA’s private credit
Private credit loans were traditionally very illiquid, often subject to multi -year lockups. This meant that lenders had to wait a long time to realize profit. Yet their high yields, usually 8% to 12%, made them worthwhile.
With RWAS, traders can sell these loans, giving them considerably more flexibility. In addition, these assets can be packed in private credit funds of institutional quality, such as Acred from Apollo, making private credit more accessible for a broader range of investors.
RWAS also makes this assets programmable and compiled. Institutions can now include specific strategies, including automatic interest distribution or activated liquidations. At the same time, tokenized assets can be integrated into various protocols, including as collateral.
According to Redstone, this indicates that RWAs have grown up for Real-World applications early early experiments with blockchain technology. Non-Crypto-Native institutions now use the technology to improve their activities.
