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市場調查報告書
商品編碼
1871940
全球代幣化實體資產信託平台市場:預測至 2032 年-按資產類型、部署方式、技術、應用、最終用戶和地區進行分析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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根據 Stratistics MRC 的一項研究,全球代幣化實體資產信貸平台市場預計在 2025 年價值 21 億美元,預計到 2032 年將達到 135 億美元,在預測期內複合年成長率為 30.7%。
代幣化實體資產信貸平台是基於區塊鏈的金融系統,它將房地產、設備和商品等有形資產的所有權或信用權益進行數位化代幣化和交易。這些平台支援實體資產的持分所有權、即時結算和透明抵押,從而促進借貸和投資。代幣化使資產獲取更加民主化,提高了流動性,並透過不可篡改的智慧合約實現了信貸操作的自動化。
據國際清算銀行創新中心稱,該平台將商業房地產資產代幣化,並將其用作去中心化借貸的抵押品,從而釋放了傳統上流動性較差的資產類別的流動性。
機構對代幣化的興趣日益濃厚
推動市場發展的關鍵因素是機構投資者對資產代幣化日益成長的興趣。大型金融機構、避險基金和資產管理公司都認知到代幣化帶來的顯著效率提升、流動性增強以及進入新型資產類別的機會。這種轉變正將代幣化資產從小眾概念推向主流投資策略,促進資本流入允許分割房地產和藝術品等實體資產的平台。這正在使傳統上流動性差、資本密集的市場更加民主化。
跨司法管轄區的監管障礙
限制市場成長的關鍵因素之一是複雜且分散的全球監管環境。缺乏統一的代幣化證券法律體制給發行人和投資者都帶來了不確定性。遵守不同國家的證券法、洗錢防制(AML) 要求以及了解你的客戶 (KYC) 規則構成了巨大的營運障礙。這種監管不確定性阻礙了代幣化證券的廣泛應用,並給尋求在全球範圍內營運的平台帶來了巨大挑戰,從而減緩了市場擴張和創新。
與基於區塊鏈的貸款業務相結合
將代幣化資產平台與去中心化金融(DeFi)和基於區塊鏈的借貸通訊協定結合,蘊藏著巨大的市場機會。代幣化的真實資產可用作可程式設計、透明的抵押品,以實現安全、自動化的借貸。這釋放了被困於非流動性資產中的資金,使所有者無需出售資產即可獲得流動性。傳統資產價值與創新加密金融的融合,建構了強大的新型金融基礎設施,釋放了龐大的收入來源,並提升了代幣化資產的實用性。
數位資產估值的波動性
數位資產市場整體固有的高波動性是該產業面臨的一大威脅。加密貨幣領域的突然拋售可能會削弱投資者信心,並減少流入代幣化實體資產計劃的資金。此外,人們普遍認為加密資產具有投機性,這可能會疏遠對市場成長至關重要的保守型傳統投資者。這種波動性會帶來聲譽風險,並可能引發流動性危機,威脅整個代幣化資產生態系統的穩定性和信譽。
新冠疫情加速了對數位金融和去中心化資產管理解決方案的需求,推動了代幣化實體資產信貸平台市場的發展。傳統貸款的限制和流動性不足促使投資者探索基於區塊鏈的資產代幣化,這種方式能夠實現資產的持分所有權和安全的信貸取得。儘管早期計劃面臨監管不確定性和資金籌措延遲,但疫情後的經濟復甦促進了機構投資者的採用。金融科技創新的興起、對透明度的需求以及跨境投資的興趣,都為代幣化信貸生態系統提供了更強大的市場檢驗和長期擴充性。
在預測期內,房地產板塊將佔據最大的市場佔有率。
由於房地產資產規模龐大、流動性不足且准入門檻高,預計在預測期內,房地產領域將佔據最大的市場佔有率。代幣化透過實現商業和住宅房地產的持分所有權,直接應對了這些挑戰,從而使更廣泛的投資者群體能夠參與其中,釋放數兆美元的被困資本,並為傳統上停滯不前的市場帶來前所未有的流動性。因此,房地產已成為代幣化實體資產信貸平台的基礎和最主要應用領域。
預計在預測期內,雲端基礎的細分市場將呈現最高的複合年成長率。
由於其卓越的擴充性、成本效益和營運靈活性,預計在預測期內,雲端基礎市場將實現最高的成長率。雲端部署使代幣化平台能夠快速接納新客戶,無縫整合其他金融服務API,並管理波動的交易量,而無需大量的初始基礎設施投資。這種模式的靈活性對於Start-Ups和金融機構快速且安全地進行創新至關重要,也正是這種靈活性促使雲端模式被廣泛採用,成為這些平台的首選技術基礎。
由於數位化迅速、散戶投資者積極參與,以及新加坡和香港等金融中心擁有先進的監管沙盒機制,預計亞太地區將在預測期內佔據最大的市場佔有率。該地區龐大的科技居住、對另類投資的旺盛需求,以及政府積極推行央行數位貨幣(CBDC)的舉措,為代幣化資產的普及創造了有利環境,使亞太地區走在了這場金融變革的前沿。
在預測期內,北美預計將實現最高的複合年成長率,這主要得益於其成熟且深厚的資本市場、高度集中的機構資本,以及美國和加拿大監管機構積極制定數位資產框架。大型金融科技公司的存在、強勁的創業投資資金籌措以及資產管理公司對創新產品的旺盛需求,正在推動快速創新和商業化,使北美成為先進代幣化信貸平台發展的沃土。
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.