This report is jointly published by DigiFT and CoinFound, focusing on the key driving factors for the development of RWA in 2026. The report points out that RWA is transitioning from "tokenizable" to "scalable distribution and use," with the macro interest rate decline cycle, liquidity reallocation, and the maturation of compliant distribution channels collectively driving funds from the money market to commodities like gold, private credit, stocks, and real estate. The core of competition in the next phase will not be the assets themselves, but rather the compliance structure, liquidity pathways, and on-chain composability, which will determine which RWAs can truly enter the mainstream financial system.
—— From Asset Tokenization to Structural Migration of Financial Infrastructure
2025 marks the official transition of real-world assets (RWA) from the "pilot phase" to the early institutional-level scaling phase. The types of tokenized assets are expanding from money market funds and private credit to commodities, stocks, funds, and structured products, with on-chain RWA TVL continuing to grow, and the market beginning to form a clear product structure and distribution pathways. As we enter 2026, the industry's focus is no longer on "whether tokenization is possible," but rather on whether scalable distribution, use, and integration into the financial system are achievable.
This report analyzes from three core dimensions: macro environment, liquidity structure, market reach pathways, systematically depicting the structural conditions for RWA to move towards the next phase of growth.
1. Macro Level: Interest Rate Cycle Changes Reshape Asset Allocation Logic
As the U.S. enters a rate-cutting cycle, the risk-free yield center gradually declines, reducing the attractiveness of short-term government bonds and money market funds, prompting funds to seek out asset combinations with yield + diversification + anti-inflation properties.
This change not only affects traditional financial markets but also transmits to the on-chain ecosystem:
Gold and precious metals are once again becoming core assets for inflation hedging.
Demand for credit assets and private credit is rising.
Bitcoin is regaining support for the "digital gold" narrative.
On-chain asset allocation is beginning to align with TradFi asset allocation logic.
The value of RWA is shifting from "technological innovation" to asset allocation tool attributes.
2. Liquidity Level: Shifting from "Issuance Logic" to "Distribution Logic"
The core of RWA in 2026 is no longer the on-chain assets themselves, but rather:
Who can provide sustainable liquidity structures + compliant distribution capabilities + secondary transfer mechanisms.
The report points out that two clear differentiated paths are emerging for tokenization platforms:
Single Asset Specialization Platforms (such as government bonds, credit, gold, etc.)
Multi-Asset Distribution Platforms (covering funds, commodities, stocks, structured products)
Projects with real scaling potential must address three key issues:
Compliant custody structure + composability design + secondary market liquidity pathways.
The next phase of competition in tokenization is fundamentally about infrastructure competition rather than competition in the number of products.
3. Structural Opportunities in Key Asset Tracks
The report clearly identifies the most breakthrough potential RWA directions for 2026:
1. Precious Metal RWA (From "Gold Single Point" to "Multi-Metal Structure")
Gold remains the core anchor asset, but silver, platinum, palladium, and other precious metals have tokenization expansion potential, forming a new structure of "multi-precious metal on-chain asset pools."
2. Tokenization of Stocks and Private Equity
Tokenized stocks are gradually moving from price-anchored types (xStocks, economic exposure models) to compliant structured pathways; tokenization of private equity is seen as a key breakthrough direction for the next phase, with its core value lying in liquidity release and access expansion.
3. Real Estate RWA
The core significance of tokenized real estate is not "replacing property rights," but rather providing fractionalization, cross-border, and transferability investment channels.
4. Tokenization of Hedge Funds and Structured Strategies
High-yield strategy tokenization is becoming a supplementary product layer, meeting the allocation needs of high-risk tolerance investors, with target yield ranges of 15%–30%.
4. Key Variable: Can RWA Truly Integrate into the On-Chain Ecosystem?
The report presents a core judgment:
The decisive factor for RWA growth in 2026 is not "asset supply," but rather on-chain integration capability.
The key conditions driving scalability include:
A clear regulatory framework for market structure (such as the CLARITY Act, etc.)
Compliant custody and distribution structures for security tokens
Composability design between DeFi and RWA
Compliant secondary market liquidity pathways
Cross-chain settlement and institutional-level custody infrastructure
The ultimate form of RWA is not "assets on-chain," but rather becoming the foundational components of the on-chain financial system.
Conclusion: The Core Proposition for 2026
If 2025 is the "launch year" for RWA,
Then 2026 will be the "structured expansion year":
From product logic → infrastructure logic
From tokenization → financial integration
From assets on-chain → asset allocation tools
From single-point breakthroughs → systematic expansion
RWA is evolving from "crypto narrative" to the foundational infrastructure module of a new generation financial system.
Complete report link for "DigiFT Research: RWA 2026 Outlook Macro·Liquidity·Market Reach":
- CoinFound: https://app.coinfound.org/zh/research/5
- DigiFT Research: https://insights.digift.io/2026-rwa-outlook-macro-liquidity-and-distribution/
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
