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市场调查报告书
商品编码
1889445
链上版税融资市场预测至2032年:按版税类型、融资模式、投资者类型、代币标准、最终用户和地区分類的全球分析On-Chain Royalty Financing Market Forecasts to 2032 - Global Analysis By Type of Royalty, Financing Model, Investor Type, Token Standard, End User, and By Geography |
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根据 Stratistics MRC 的一项研究,预计到 2025 年,全球链上特许权使用费融资市场规模将达到 11 亿美元,到 2032 年将达到 26 亿美元,在预测期内的复合年增长率为 13.5%。
链上版税融资是一种基于区块链的机制,它允许创作者、投资者或版权拥有者将未来的版税收入代币化,并预先资金筹措。透过将版税协议嵌入智慧合约,收益会在产生时自动分配给相关人员,从而确保透明度、不可篡改性和高效性。这种模式使资本获取更加民主化,减少了对仲介业者的依赖,并为投资者提供了持分所有权可预测现金流的所有权。它正越来越多地应用于音乐、电影、游戏和知识产权市场,以释放流动性。
根据伯克利音乐学院的一项分析,基于区块链的智慧合约可以让音乐家透过出售未来串流版税的一部分来获得预付款,从而为投资者创造一种新的资产类别。
区块链在金融领域的应用日益广泛
区块链在金融服务领域的日益普及正在推动链上版税金融的兴起。区块链确保了版税追踪的透明性、不可篡改性和即时性,从而减少了纠纷和管理负担。智慧合约实现了收入分配的自动化,并促进了创作者、投资者和平台之间的信任。随着去中心化金融(DeFi)的兴起,基于区块链的版税模式正成为传统仲介业者的可行替代方案。这种转变使内容创作者能够直接获得资金和收入来源,而投资者则享有创造性资产的持分所有权和流动性。
代币化监管环境的不确定性
缺乏清晰的代币化资产法规结构是限制市场成长的一大阻碍因素。不同司法管辖区对数位代币的分类和监管方式各不相同,为平台和投资者带来了合规方面的不确定性。监管的模糊性影响着以版税为支撑的代币的发行、交易和课税,阻碍了机构投资者的参与。此外,不断变化的证券法和洗钱防制要求也增加了营运的复杂性。在全球标准建立之前,市场参与企业必须谨慎应对碎片化的法律环境,这可能会减缓代币化的普及速度,并限制其扩充性。
去中心化金融(DeFi)的需求日益增长
去中心化金融 (DeFi) 为创作者创造了无需传统中介即可资金筹措的新机会。链上版税融资允许艺术家、音乐家和内容拥有者将其未来收入代币化,并直接从世界各地的投资者资金筹措。这种模式使资金获取更加民主化,提高了流动性,并促进了社区主导的所有权。随着 DeFi 基础设施的成熟和用户采用率的提高,提供版税支援的代币和基于 NFT 的收益源的平台有望蓬勃发展。创作者经济与去中心化金融的融合,正引领着一个充满高速成长潜力的前沿领域。
智能合约漏洞利用
支撑链上忠诚度系统的智慧合约容易受到程式码缺陷和恶意攻击的影响。安全漏洞可能导致未经授权的资金转移、资料窜改,甚至永久性资产损失。备受瞩目的DeFi骇客攻击事件引发了人们对去中心化通讯协定可靠性的担忧。如果没有严格的审核、漏洞赏金和即时监控,平台将面临声誉受损和用户流失的风险。随着市场规模的扩大,确保智慧合约的安全对于维护信任、保护投资者和开发者的利益至关重要。
新冠疫情加速了创新产业的数位转型,并提升了人们对替代资金筹措模式的兴趣。由于实况活动和传统收入来源受到衝击,艺术家和内容创作者纷纷转向基于区块链的平台进行变现。链上版税融资作为稳健的解决方案脱颖而出,使创作者能够将未来收益代币化,并直接与粉丝和投资者互动。疫情也提升了投资者对数位资产和被动收入机会的需求。这一转变为去中心化版税生态系统的持续成长奠定了基础。
预计在预测期内,音乐版税部分将是最大的组成部分。
音乐版税领域预计将成为链上版税融资市场中最大的细分领域。在全球串流媒体平台和艺术家对区块链技术日益增长的采用推动下,音乐人可以将未来的收入代币化,并获得预付款。透过智慧合约实现版税分配的自动化,提高了透明度并减少了中间环节。预计在预测期内,该领域将占据主导地位,受益于高交易量、可预测的收入流以及投资者对音乐版权持分所有权日益增长的兴趣。
预计在预测期内,代币化版税融资领域将呈现最高的复合年增长率。
预计在预测期内,代币化版税融资领域将呈现最高的成长率。该模式将版税收入转化为基于区块链的代币,这些代币赋予持分所有权,确保流动性,并透过智慧合约实现自动支付。这种模式简化了版税货币化流程,并支持次市场交易,从而吸引了创作者和投资者。扩充性涵盖音乐、电影和数位艺术等领域,加上对传统资金筹措的依赖性降低,使其成为预测期内成长最快的领域。
预计亚太地区将在预测期内占据最大的市场份额,这主要得益于蓬勃发展的创作者经济、区块链的快速普及以及监管方面的积极探索。韩国、日本和新加坡等国家正大力推动数位资产和去中心化金融(DeFi)领域的创新。该地区精通科技的民众和充满活力的娱乐产业为链上版税平台的发展创造了沃土。区块链Start-Ups、唱片公司和游戏公司之间的策略联盟正在加速区块链的部署。各国政府对Web3和代币化的关注进一步巩固了亚太地区的领先地位。
在预测期内,北美预计将展现出最高的复合年增长率,这主要得益于其成熟的区块链生态系统、强大的投资者基础以及基于NFT的版税模式的早期应用。美国拥有众多大型平台、创业投资公司,并且正在积极进行监管方面的讨论,这些都对代币化金融的未来发展起到了决定性作用。艺术家和创作者正在利用链上工具绕过仲介业者,直接实现其智慧财产权的货币化。随着法律透明度的提高和机构投资者兴趣的日益增长,北美将继续成为版税金融领域创新和投资的热点。
According to Stratistics MRC, the Global On-Chain Royalty Financing Market is accounted for $1.1 billion in 2025 and is expected to reach $2.6 billion by 2032 growing at a CAGR of 13.5% during the forecast period. On-Chain Royalty Financing is a blockchain-based mechanism that enables creators, investors, or rights holders to tokenize future royalty streams and secure funding upfront. By embedding royalty agreements into smart contracts, payments are automatically distributed to stakeholders whenever revenue is generated, ensuring transparency, immutability, and efficiency. This model democratizes access to capital, reduces reliance on intermediaries, and provides investors with fractional ownership of predictable cash flows. It is increasingly applied in music, film, gaming, and intellectual property markets to unlock liquidity.
According to a Berklee College of Music analysis, blockchain-based smart contracts are enabling musicians to receive upfront funding by selling a percentage of future streaming royalties, creating a new asset class for investors.
Expanding use of blockchain in finance
The growing adoption of blockchain in financial services is fueling the rise of on-chain royalty financing. Blockchain ensures transparent, immutable, and real-time royalty tracking, reducing disputes and administrative overhead. Smart contracts automate revenue distribution, enhancing trust among creators, investors, and platforms. As decentralized finance (DeFi) gains traction, blockchain-based royalty models are becoming viable alternatives to traditional intermediaries. This shift empowers content creators with direct access to capital and revenue streams, while offering investors fractional ownership and liquidity in creative assets.
Uncertain regulatory landscape for tokenization
The lack of clear regulatory frameworks for tokenized assets poses a major restraint on market growth. Jurisdictions vary in how they classify and govern digital tokens, creating compliance uncertainty for platforms and investors. Regulatory ambiguity affects the issuance, trading, and taxation of royalty-backed tokens, deterring institutional participation. Additionally, evolving securities laws and anti-money laundering requirements increase operational complexity. Until global standards emerge, market participants must navigate fragmented legal environments, which may slow adoption and limit cross-border scalability.
Rising demand for decentralized financing
Decentralized finance (DeFi) is unlocking new opportunities for creators to raise capital without traditional gatekeepers. On-chain royalty financing allows artists, musicians, and content owners to tokenize future earnings and access funding directly from global investors. This model democratizes access to capital, enhances liquidity, and fosters community-driven ownership. As DeFi infrastructure matures and user adoption grows, platforms offering royalty-backed tokens and NFT-based revenue streams are poised to thrive. The convergence of creator economy and decentralized finance presents a high-growth frontier.
Smart contract exploitation vulnerabilities
Smart contracts underpinning on-chain royalty systems are vulnerable to coding flaws and malicious exploits. Security breaches can lead to unauthorized fund transfers, data manipulation, or permanent asset loss. High-profile DeFi hacks have raised concerns about the reliability of decentralized protocols. Without rigorous auditing, bug bounties, and real-time monitoring, platforms risk reputational damage and user attrition. As the market scales, ensuring smart contract security will be critical to maintaining trust and safeguarding investor and creator interests.
The COVID-19 pandemic accelerated digital transformation across creative industries, driving interest in alternative financing models. With live events and traditional revenue streams disrupted, artists and content creators turned to blockchain-based platforms for monetization. On-chain royalty financing emerged as a resilient solution, enabling creators to tokenize future earnings and engage directly with fans and investors. The pandemic also increased investor appetite for digital assets and passive income opportunities. This shift laid the groundwork for sustained growth in decentralized royalty ecosystems.
The music royalties segment is expected to be the largest during the forecast period
The music royalties segment is projected to be the largest in the on-chain royalty financing market. Fueled by global streaming platforms and rising artist adoption of blockchain, it enables musicians to tokenize future earnings and access upfront capital. Smart contracts automate royalty distribution, enhancing transparency and reducing intermediaries. This segment benefits from high transaction volumes, predictable revenue streams, and growing investor interest in fractional ownership of music rights, making it the dominant category during the forecast period.
The tokenized royalty financing segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the tokenized royalty financing segment is predicted to witness the highest growth rate. It involves converting royalty streams into blockchain-based tokens, allowing fractional ownership, liquidity, and automated payouts via smart contracts. This model attracts creators and investors by simplifying royalty monetization and enabling secondary market trading. Its scalability across music, film, and digital art sectors, combined with reduced reliance on traditional financing, positions it as the fastest-growing segment over the forecast period.
During the forecast period, the Asia Pacific region is expected to hold the largest market share, fueled by its booming creator economy, rapid blockchain adoption, and supportive regulatory experimentation. Countries like South Korea, Japan, and Singapore are fostering innovation in digital assets and decentralized finance. The region's tech-savvy population and vibrant entertainment industries create fertile ground for on-chain royalty platforms. Strategic partnerships between blockchain startups, music labels, and gaming companies are accelerating deployment. Government interest in Web3 and tokenization further strengthens Asia Pacific's leadership.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by its mature blockchain ecosystem, strong investor base, and early adoption of NFT-based royalties. The U.S. is home to leading platforms, venture capital firms, and regulatory discourse shaping the future of tokenized finance. Artists and creators are leveraging on-chain tools to bypass intermediaries and monetize IP directly. As legal clarity improves and institutional interest grows, North America will remain a hotspot for innovation and investment in royalty financing.
Key players in the market
Some of the key players in On-Chain Royalty Financing Market include Royalty Pharma, Healthcare Royalty Partners, Blackstone Life Sciences, Franco-Nevada Corporation, Wheaton Precious Metals, Osisko Gold Royalties, Royal Gold, Sandstorm Gold, Duke Royalty, Oliver Wyman, Sutro Biopharma, Northleaf Capital, Deloitte, Blue Owl Capital, Brookfield Asset Management, KKR, Apollo Global Management and Anglo Pacific Group.
In October 2025, Royalty Pharma and KKR launched a joint venture to tokenize a $500 million portfolio of biopharma royalties on a private blockchain, increasing liquidity and transparency for institutional investors.
In September 2025, Blackstone Life Sciences partnered with Deloitte to create a new regulatory framework for securitizing drug royalties as on-chain digital assets, aiming to standardize the market and attract pension funds.
In August 2025, Franco-Nevada Corporation announced its first foray into digital assets, acquiring a tokenized stake in a Sutro Biopharma oncology drug's future revenue stream through a smart contract-managed deal.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.