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市場調查報告書
商品編碼
1889445
鏈上版稅融資市場預測至2032年:按版稅類型、融資模式、投資者類型、代幣標準、最終用戶和地區分類的全球分析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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根據 Stratistics MRC 的一項研究,預計到 2025 年,全球鏈上特許權使用費融資市場規模將達到 11 億美元,到 2032 年將達到 26 億美元,在預測期內的複合年成長率為 13.5%。
鏈上版稅融資是一種基於區塊鏈的機制,它允許創作者、投資者或版權擁有者將未來的版稅收入代幣化,並預先資金籌措。透過將版稅協議嵌入智慧合約,收益會在產生時自動分配給相關人員,從而確保透明度、不可篡改性和高效性。這種模式使資本獲取更加民主化,減少了對仲介業者的依賴,並為投資者提供了持分所有權可預測現金流的所有權。它正擴大應用於音樂、電影、遊戲和知識產權市場,以釋放流動性。
根據伯克利音樂學院的一項分析,基於區塊鏈的智慧合約可以讓音樂家透過出售未來串流版稅的一部分來獲得預付款,從而為投資者創造一種新的資產類別。
區塊鏈在金融領域的應用日益廣泛
區塊鏈在金融服務領域的日益普及正在推動鏈上版稅金融的興起。區塊鏈確保了版稅追蹤的透明性、不可篡改性和即時性,從而減少了糾紛和管理負擔。智慧合約實現了收入分配的自動化,並促進了創作者、投資者和平台之間的信任。隨著去中心化金融(DeFi)的興起,基於區塊鏈的版稅模式正成為傳統仲介業者的可行替代方案。這種轉變使內容創作者能夠直接獲得資金和收入來源,而投資者則享有創造性資產的持分所有權和流動性。
代幣化監管環境的不確定性
缺乏清晰的代幣化資產法規結構是限制市場成長的一大阻礙因素。不同司法管轄區對數位代幣的分類和監管方式各不相同,為平台和投資者帶來了合規方面的不確定性。監管的模糊性影響著以版稅為支撐的代幣的發行、交易和課稅,阻礙了機構投資者的參與。此外,不斷變化的證券法和洗錢防制要求也增加了營運的複雜性。在全球標準建立之前,市場參與企業必須謹慎應對碎片化的法律環境,這可能會減緩代幣化的普及速度,並限制其擴充性。
去中心化金融(DeFi)的需求日益成長
去中心化金融 (DeFi) 為創作者創造了無需傳統中介即可資金籌措的新機會。鏈上版稅融資允許藝術家、音樂家和內容擁有者將其未來收入代幣化,並直接從世界各地的投資者資金籌措。這種模式使資金獲取更加民主化,提高了流動性,並促進了社區主導的所有權。隨著 DeFi 基礎設施的成熟和用戶採用率的提高,提供版稅支援的代幣和基於 NFT 的收益源的平台有望蓬勃發展。創作者經濟與去中心化金融的融合,正引領著一個充滿高速成長潛力的前沿領域。
智慧合約漏洞利用
支撐鏈上忠誠度系統的智慧合約容易受到程式碼缺陷和惡意攻擊的影響。安全漏洞可能導致未經授權的資金轉移、資料竄改,甚至永久性資產損失。備受矚目的DeFi駭客攻擊事件引發了人們對去中心化通訊協定可靠性的擔憂。如果沒有嚴格的審核、漏洞賞金和即時監控,平台將面臨聲譽受損和用戶流失的風險。隨著市場規模的擴大,確保智慧合約的安全對於維護信任、保護投資者和開發者的利益至關重要。
新冠疫情加速了創新產業的數位轉型,並提升了人們對替代資金籌措模式的興趣。由於實況活動和傳統收入來源受到衝擊,藝術家和內容創作者紛紛轉向基於區塊鏈的平台進行變現。鏈上版稅融資作為穩健的解決方案脫穎而出,使創作者能夠將未來收益代幣化,並直接與粉絲和投資者互動。疫情也提升了投資者對數位資產和被動收入機會的需求。這一轉變為去中心化版稅生態系統的持續成長奠定了基礎。
預計在預測期內,音樂版稅部分將是最大的組成部分。
音樂版稅領域預計將成為鏈上版稅融資市場中最大的細分領域。在全球串流媒體平台和藝術家對區塊鏈技術日益成長的採用推動下,音樂人可以將未來的收入代幣化,並獲得預付款。透過智慧合約實現版稅分配的自動化,提高了透明度並減少了中間環節。預計在預測期內,該領域將佔據主導地位,受益於高交易量、可預測的收入流以及投資者對音樂版權持分所有權日益成長的興趣。
預計在預測期內,代幣化版稅融資領域將呈現最高的複合年成長率。
預計在預測期內,代幣化版稅融資領域將呈現最高的成長率。該模式將版稅收入轉化為基於區塊鏈的代幣,這些代幣賦予持分所有權,確保流動性,並透過智慧合約實現自動支付。這種模式簡化了版稅貨幣化流程,並支持次市場交易,從而吸引了創作者和投資者。擴充性涵蓋音樂、電影和數位藝術等領域,加上對傳統資金籌措的依賴性降低,使其成為預測期內成長最快的領域。
預計亞太地區將在預測期內佔據最大的市場佔有率,這主要得益於蓬勃發展的創作者經濟、區塊鏈的快速普及以及監管方面的積極探索。韓國、日本和新加坡等國家正大力推動數位資產和去中心化金融(DeFi)領域的創新。該地區精通科技的民眾和充滿活力的娛樂產業為鏈上版稅平台的發展創造了沃土。區塊鏈Start-Ups、唱片公司和遊戲公司之間的策略聯盟正在加速區塊鏈的部署。各國政府對Web3和代幣化的關注進一步鞏固了亞太地區的領先地位。
在預測期內,北美預計將展現出最高的複合年成長率,這主要得益於其成熟的區塊鏈生態系統、強大的投資者基礎以及基於NFT的版稅模式的早期應用。美國擁有眾多大型平台、創業投資公司,並且正在積極進行監管方面的討論,這些都對代幣化金融的未來發展起到了決定性作用。藝術家和創作者正在利用鏈上工具繞過仲介業者,直接實現其智慧財產權的貨幣化。隨著法律透明度的提高和機構投資者興趣的日益成長,北美將繼續成為版稅金融領域創新和投資的熱點。
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.