Getting Started: Bitwise’s Predictions for 2025 RWA

According to Bitwise Asset Management’s December 10 report(1), the market value of tokenized RWAs will exceed $50 billion in 2025. In 2029, Bitcoin will be traded at $1 million, replacing the $18 trillion gold market. This suggests that RWAs have become the new focus of expansion in the crypto world.

RWAs offer new opportunities that increase liquidity and increase liquidity efficiency in the financial sector, marking a permanent transformation rather than a temporary trend.

Stable Cryptocurrencies (Stablecoins)

Stablecoins function as digital counterparts to fiat currencies. Stable cryptocurrencies, which are “pegged” with fiat currencies, can be converted one-to-one into real-world assets. Thanks to this feature, stablecoins are one of the most widely used asset types in the RWA industry.

Fiat-backed Stablecoins (Fiat-backed Stablecoins)USDT (Tether): Backed by US Treasury bonds and cash assets. It stands out with its high liquidity and reliability. USDC (Circle): It is fully supported by cash and US Treasury bills. It is widely used in DeFi protocols. BiLira (TRYB) is an innovative stablecoin project originating from Turkey. TRYB is pegged to the Turkish Lira at a rate of 1:1. Commodity-backed Stablecoins

Blockchain offers new opportunities by digitizing commodity trading.

In the context of RWA (Real World Assets) commodities can include the following asset classes; Precious metals (Gold, silver) – Energy resources (Oil, natural gas) –
Agricultural products (Wheat, corn, coffee) – Industrial metals (Copper, iron)

Featured Commodity-Backed Stable Cryptocurrency Projects

PAXG (Paxos Gold): PAXG, a digital asset backed by physical gold at a 1:1 ratio, allows users to transfer physical gold digitally. This offers investors an easy and safe way to invest in gold. As a digital asset backed by gold, XAUT makes investors’ gold investment more efficient. CROPTO (CROW, CROF, CROB, CROC): The first to digitize agricultural products, especially Wheat, Hazelnuts, Barley and Corn, with Ethereum-based tokens and offer them to investors is the platform. Cropto Wheat, Hazelnut, Barley and Corn Tokens are created by producing 1 piece per 1 kg of Wheat, Hazelnut, Barley and Corn agricultural products stored under appropriate conditions in safe warehouses. The prices of Cropto Agriculture Tokens are shaped in relation to the prices of agricultural products.

Prominent RWA Projects in the WorldCentrifuge is a DeFi project that digitalizes and tokenizes real-world assets. Assets such as invoices, real estate and copyrights can be used as collateral to facilitate access to finance and accelerate trade cycles. As a DeFi lending platform, Maple Finance provides unsecured loans to corporate borrowers. RWA offers investment opportunities to lenders by digitizing traditional assets through liquidity pools. Polymesh offers a blockchain specifically designed for the digitalization of secure assets that comply with regulations. By solving governance, identity, compliance and privacy issues, it paves the way for new financial instruments and provides secure asset management at the institutional level. Ondo Finance offers new opportunities to investors by tokenizing precious metal trading. It facilitates access for investors by digitizing commodities such as gold. MANTRA Chain provides an optimized blockchain infrastructure focusing on RWA tokenization, while specifically targeting real estate and debt financing. Other RWA Projects from Turkey

Huma.Finance is an innovative platform that tokenizes revenue streams and connects real-world assets (RWA) with blockchain.

Aiming to meet liquidity needs in payment financing by offering applications such as invoice financing, especially for freelancers and small businesses, Huma.Finance aims to make trade finance more efficient and accessible by enabling users to use their fixed income as collateral and obtain loans from DeFi protocols. Finally, the platform, which will expand to Solana and Stellar networks, received a global investment of $ 38 million through tokenized RWAs. With this investment, Huma is expected to reach $10 billion in payment financing transactions by 2025.

Shipex is a global project focused on the tokenization of logistics assets by transforming the maritime and logistics industry with blockchain. Founded in Zug, Switzerland, Shipex aims to optimize costs and make processes more transparent by digitizing maritime transportation and container shipping. Tokenized maritime investments offer investors modern and accessible income opportunities through Real World Assets (RWA). The company, which started operations in July 2024, quickly gained international recognition by participating in important events in Asia, MENA and Central Europe.

It accelerated its growth process by receiving an investment of 6 million dollars during the Token 2049 and RWA Summit held in Singapore. Shipex is in the process of closing the Private Round investment tour and continues its collaborations with major blockchain networks and technological infrastructure development.

Founded in 2019, BiLira is a leading crypto technology company based in Türkiye. BiLira entered the Turkish blockchain ecosystem with TRYB, the first stable crypto asset indexed to the Turkish lira, and TRYB has become one of the largest stable cryptocurrencies other than stable cryptocurrencies indexed to the US dollar in terms of market value. In 2024, BiLira launched the crypto exchange named BiLira Crypto, which provides easy and reliable access to global crypto markets and offers advanced financial tools to investors. With the support of leading investors such as Circle Ventures, Ava Labs, 21Shares, Finberg and Delta Blockchain Fund, BiLira recently reached a valuation of 125 million USD.

Cropto is a leading crypto technology company founded in Turkey in 2023. It offers investment opportunities in exchange for products stored in secure warehouses with CROW (Wheat), CROF (Hazelnut), CROB (Barley) and CROC (Corn) tokens based on agricultural products. Cropto, which is traded on 7 different stock exchanges, has made investing in agriculture as easy and accessible as gold and silver by giving its investors the option of physical product delivery. While this model contributes to fair prices of agricultural products and farmers getting the compensation they deserve, it has reached a transaction volume of approximately 50 million USD to date.

The Importance of RWA Tokenization for Türkiye

These projects accelerate the country’s digital transformation by providing innovative solutions to Turkey’s financial and commercial system.

While creating new opportunities for both local and global investors, it increases financial inclusion and takes concrete steps such as Turkish Lira integration into the DeFi ecosystem. In Turkey, projects such as Cropto, Huma.Finance and BiLira stand out as pioneering initiatives in the field of RWA (Real World Assets). With the increase in the number of these projects, it is possible for Turkey to become one of the leading countries in RWA tokenization worldwide.

According to Coingecko data, with the growth in the global RWA market, the strategic roles of these initiatives are becoming more important. Therefore, it is thought that such innovative projects are highly likely to receive investment, and these investments will strengthen Turkey’s position in the digital economy. While these projects offer broad opportunities not only to individual participants but also to global investors, they will continue to increase Turkey’s leadership potential in the blockchain ecosystem.

Real Estate Tokenization

Real estate tokenization is an innovative method where real estate assets are tokenized on the blockchain, providing digital ownership and easy access.

By 2024, the real estate tokenization market in the US is growing rapidly. It is predicted that this market will reach 3 trillion dollars by 2030 as regulations become more flexible and technology matures. Tokenization has the potential to reduce transaction costs while increasing liquidity, but faces challenges such as a lack of secondary markets and regulatory restrictions.

Featured Projects

RealT offers investors fractional ownership of real estate in the United States. Investors can earn rental income from tokenized properties.

Propy accelerates the transfer of ownership with blockchain and provides easy access to the global real estate market by offering payment options with NFTs.

SolidBlock digitizes real estate assets, offering investors low-cost and fast access.

In the future, as real estate tokenization becomes widespread, real estate can be digitized and divided into small shares. In this way, investors can have smaller investment shares with low-barrier funds. Tokenization can overcome major hurdles in the industry by providing investors with a more accessible and liquid market. I foresee that the increasing popularity of these projects will allow real estate investment to become more democratized and reach a wider audience.

Conclusion

Türkiye, in particular, has the potential to become a global leader in the field of RWA with its innovative projects. To seize this opportunity, both private and public sector collaboration is critical. I think we are going through a period where more RWA projects will come to life in the future (2025-2028). In the next section, I will examine other uses and prominent players in the RWA industry.