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市场调查报告书
商品编码
1871940
全球代币化实体资产信託平台市场:预测至 2032 年-按资产类型、部署方式、技术、应用、最终用户和地区进行分析Tokenised Real-Asset Credit Platforms Market Forecasts to 2032 - Global Analysis By Asset Type, Deployment Mode, Technology, Application, End User, and By Geography. |
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根据 Stratistics MRC 的一项研究,全球代币化实体资产信贷平台市场预计在 2025 年价值 21 亿美元,预计到 2032 年将达到 135 亿美元,在预测期内复合年增长率为 30.7%。
代币化实体资产信贷平台是基于区块链的金融系统,它将房地产、设备和商品等有形资产的所有权或信用权益进行数位化代币化和交易。这些平台支援实体资产的持分所有权、即时结算和透明抵押,从而促进借贷和投资。代币化使资产获取更加民主化,提高了流动性,并透过不可篡改的智慧合约实现了信贷操作的自动化。
据国际清算银行创新中心称,该平台将商业房地产资产代币化,并将其用作去中心化借贷的抵押品,从而释放了传统上流动性较差的资产类别的流动性。
机构对代币化的兴趣日益浓厚
推动市场发展的关键因素是机构投资者对资产代币化日益增长的兴趣。大型金融机构、避险基金和资产管理公司都认识到代币化带来的显着效率提升、流动性增强以及进入新型资产类别的机会。这种转变正将代币化资产从小众概念推向主流投资策略,促进资本流入允许分割房地产和艺术品等实体资产的平台。这正在使传统上流动性差、资本密集的市场更加民主化。
跨司法管辖区的监管障碍
限制市场成长的关键因素之一是复杂且分散的全球监管环境。缺乏统一的代币化证券法律体制给发行人和投资者都带来了不确定性。遵守不同国家的证券法、洗钱防制(AML) 要求以及了解你的客户 (KYC) 规则构成了巨大的营运障碍。这种监管不确定性阻碍了代币化证券的广泛应用,并给寻求在全球范围内运营的平台带来了巨大挑战,从而减缓了市场扩张和创新。
与基于区块链的贷款业务相结合
将代币化资产平台与去中心化金融(DeFi)和基于区块链的借贷通讯协定结合,蕴藏着巨大的市场机会。代币化的真实资产可用作可程式设计、透明的抵押品,以实现安全、自动化的借贷。这释放了被困于非流动性资产中的资金,使所有者无需出售资产即可获得流动性。传统资产价值与创新加密金融的融合,建构了强大的新型金融基础设施,释放了庞大的收入来源,并提升了代币化资产的实用性。
数位资产估值的波动性
数位资产市场整体固有的高波动性是该产业面临的一大威胁。加密货币领域的突然抛售可能会削弱投资者信心,并减少流入代币化实体资产计划的资金。此外,人们普遍认为加密资产具有投机性,这可能会疏远对市场成长至关重要的保守型传统投资者。这种波动性会带来声誉风险,并可能引发流动性危机,威胁整个代币化资产生态系统的稳定性和信誉。
新冠疫情加速了对数位金融和去中心化资产管理解决方案的需求,推动了代币化实体资产信贷平台市场的发展。传统贷款的限制和流动性不足促使投资者探索基于区块链的资产代币化,这种方式能够实现资产的持分所有权和安全的信贷取得。儘管早期计划面临监管不确定性和资金筹措延迟,但疫情后的经济復苏促进了机构投资者的采用。金融科技创新的兴起、对透明度的需求以及跨境投资的兴趣,都为代币化信贷生态系统提供了更强大的市场检验和长期扩充性。
在预测期内,房地产板块将占据最大的市场份额。
由于房地产资产规模庞大、流动性不足且准入门槛高,预计在预测期内,房地产领域将占据最大的市场份额。代币化透过实现商业和住宅房地产的持分所有权,直接应对了这些挑战,从而使更广泛的投资者群体能够参与其中,释放数万亿美元的被困资本,并为传统上停滞不前的市场带来前所未有的流动性。因此,房地产已成为代币化实体资产信贷平台的基础和最主要应用领域。
预计在预测期内,云端基础的细分市场将呈现最高的复合年增长率。
由于其卓越的扩充性、成本效益和营运灵活性,预计在预测期内,云端基础市场将实现最高的成长率。云端部署使代币化平台能够快速接纳新客户,无缝整合其他金融服务API,并管理波动的交易量,而无需大量的初始基础设施投资。这种模式的灵活性对于Start-Ups和金融机构快速且安全地进行创新至关重要,也正是这种灵活性促使云端模式被广泛采用,成为这些平台的首选技术基础。
由于数位化迅速、散户投资者积极参与,以及新加坡和香港等金融中心拥有先进的监管沙盒机制,预计亚太地区将在预测期内占据最大的市场份额。该地区庞大的科技居住、对另类投资的旺盛需求,以及政府积极推行央行数位货币(CBDC)的倡议,为代币化资产的普及创造了有利环境,使亚太地区走在了这场金融变革的前沿。
在预测期内,北美预计将实现最高的复合年增长率,这主要得益于其成熟且深厚的资本市场、高度集中的机构资本,以及美国和加拿大监管机构积极制定数位资产框架。大型金融科技公司的存在、强劲的创业投资资金筹措以及资产管理公司对创新产品的旺盛需求,正在推动快速创新和商业化,使北美成为先进代币化信贷平台发展的沃土。
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.
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.
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.
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.
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.
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.
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.
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
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.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.