[Korbit] RWA Quarterly Trends: Sustained and Steady Growth in the Third Quarter

Summary

본 리서치 보고서는 2025년 3분기 RWA(Real World Asset) 시장의 지속적인 성장세와 주요 동향을 분석하고 있습니다. 보고서에 따르면 RWA 시장은 스테이블코인을 제외한 총 예치 규모가 28.8% 증가하며 견조한 성장을 보였으며, 특히 토큰화 주식과 대출채권 부문에서 웹2 기업들의 신규 진입이 두드러졌습니다. 섹터별로는 수익형 스테이블코인의 부상과 Tether 및 Stripe를 중심으로 한 스테이블코인 특화 L1 경쟁이 심화되었으며, 토큰화 국채 시장에서는 BlackRock의 BUIDL과 이더리움 네트워크가 여전히 강세를 유지했습니다. 또한, 미국의 Clarity Act 등의 규제 명확화 움직임과 웹2 기업의 참여로 인해 RWA 시장의 제도적 신뢰성과 산업적 확장성이 동시에 강화되는 추세를 보였습니다.

This research report analyses the sustained growth trajectory and key trends within the Real World Asset (RWA) market during the third quarter of 2025. According to the report, the RWA market demonstrated robust growth, with total deposits excluding stablecoins increasing by 28.8%. Notably, new entrants from Web2 companies were particularly prominent in the tokenised equities and loan receivables sectors. By sector, the rise of yield-generating stablecoins intensified competition among stablecoin-specialised Layer 1 networks, centred on Tether and Stripe. In the tokenised sovereign bond market, BlackRock's BUIDL and the Ethereum network maintained their strong positions. Furthermore, regulatory clarification efforts, such as the US Clarity Act, coupled with participation from Web2 companies, demonstrated a trend towards simultaneously enhancing the institutional credibility and industrial scalability of the RWA market.

Sources: Korbit Research

URL: https://insights.korbit.co.kr/market/research/138

Summary: Gemini and Notebook LM

Translation: DeepL

Disclaimer

This article is intended solely for informational purposes and does not constitute investment advice or a solicitation to buy or sell any financial instrument. All investment decisions remain the sole responsibility of the reader. The publisher and author disclaim any liability for errors in translation or summarization, as well as any losses arising from reliance on this information.