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市場調查報告書
商品編碼
1961141
代幣化市場-全球產業規模、佔有率、趨勢、機會與預測:按組件、應用、產業、地區和競爭格局分類,2021-2031年Tokenization Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component, By Application, By Industry Vertical, By Region & Competition, 2021-2031F |
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全球代幣化市場預計將從 44.7 億美元成長到 175.6 億美元,複合年成長率達到 25.61%。
代幣化是將資產所有權轉換為分散式帳本上的數位代幣的過程,從而促進持分所有權的實現,並提高整個金融生態系統的透明度。該市場的成長主要受以下因素驅動:為降低交易對手風險而需要即時結算,以及對通常流動性較差的資產類別提高流動性的需求。此外,金融機構也擴大採用這項技術,透過智慧合約自動化管理任務來降低營運成本。
| 市場概覽 | |
|---|---|
| 預測期 | 2027-2031 |
| 市場規模:2025年 | 44.7億美元 |
| 市場規模:2031年 | 175.6億美元 |
| 複合年成長率:2026-2031年 | 25.61% |
| 成長最快的細分市場 | 服務 |
| 最大的市場 | 北美洲 |
儘管面臨諸多挑戰,某些金融產品的市場發展仍取得了一定進展。 2024年,國際證券及證券委員會組織(IOSCO)報告稱,代幣化固定收益產品的發行量達30億美元。然而,不同司法管轄區監管的不一致性在很大程度上阻礙了市場的全面擴張。這些不同的法律體制帶來了沉重的合規負擔,不僅使國際交易複雜化,還可能限制其被更廣泛的機構投資者所接受。
機構投資人對實體資產代幣化的日益普及,正透過將政府公債和貨幣市場基金等傳統金融產品遷移至區塊鏈平台,從根本上重塑金融市場。這項轉變的主要驅動力在於滿足全天候流動性、透過智慧合約實現自動化合規以及透過高價值資產碎片化擴大投資者准入等需求。領先的資產管理公司正從試點階段邁向全面商業部署,展現該技術的營運優勢並吸引大量資本。例如,Crypto Briefing 在 2025 年 10 月報道稱,貝萊德旗下 BUIDL 基金的管理資產規模將超過 17 億美元,凸顯了鏈上機構產品的快速成長。
同時,隨著數位支付和非接觸式支付的快速普及,代幣化技術的應用也正在加速發展,以降低網路風險並提升交易安全性。隨著消費者逐漸減少現金使用,金融服務提供者正優先考慮用唯一的數位識別碼替換敏感的帳戶數據,以防止未授權存取和資料外洩。這種安全至上的策略已被證明能有效遏止金融犯罪。萬事達卡在2025年6月發布的報告顯示,與傳統卡片付款相比,使用代幣化技術的交易詐欺率降低了高達50%。代幣化技術在支付和資產管理方面的效用引發了市場的強烈樂觀情緒。 2025年10月,道富銀行預測,到2030年,代幣化資產的市場價值可能達到5兆美元,這表明該技術將在全球金融的未來發展中扮演至關重要的角色。
不同司法管轄區監管的不一致是全球代幣化市場的主要障礙,嚴重阻礙了該技術所承諾的流動性和效率。當不同地區的法律體制存在顯著差異時,金融機構將被迫承擔巨額營運成本,以滿足跨境交易多樣化的合規要求。這種碎片化迫使發行方將其資產限制在特定的國內市場,從而喪失了無縫全球價值轉移的核心優勢,並阻礙了形成對機構級採用至關重要的深度統一流動性池。
因此,與更廣泛的金融體系相比,代幣化資產的實際市場滲透率仍然較低,企業也不願投入大規模資金。根據代幣化資產聯盟預測,到2024年,不包括穩定幣在內的代幣化實體資產的市值約為150億美元。這一數字表明,儘管人們對代幣化資產的概念興趣濃厚,但市場仍難以超越試點階段。缺乏統一的監管指南加劇了主要資產管理公司的謹慎態度,直接減緩了代幣化的發展速度,使其應用範圍局限於小眾領域,而無法成為主流金融基礎設施。
私人信貸和債務的代幣化正在迅速擴展,不再局限於政府債券主導的初期階段,而是逐漸成為彌合國際貿易融資缺口的市場主導力量。在此趨勢下,直接貸款和企業債務正向區塊鏈帳本轉移,為發行方提供快速資金籌措的途徑,同時為投資者提供超越傳統固定收益產品的商機。這項技術實現了貸款組合的碎片化,提高了先前不透明的資產類別的流動性和透明度。這一轉變得到了市場顯著成長的支持;根據Markets Media於2025年6月發布的報告,代幣化私人信貸資產的價值將超過140億美元,佔整個代幣化實體資產市場(不包括穩定幣)的大部分。
同時,代幣化綠色債券和排碳權的成長正利用分散式帳本技術提升環境、社會和管治(ESG)金融的效率。各國政府和企業正擴大採用代幣化技術發行原生數位綠色債券,從而簡化結算流程,並消除對傳統中央證券存管機構的需求。這種方法正吸引全球更多機構投資者的關注,因為它降低了發行成本,並透過不可篡改的鏈上數據提供檢驗的環境影響證明。為了佐證這一發展勢頭,Ledger Insights在2025年11月報道稱,香港政府成功發行了100億港幣的數位綠色債券,創下了此類數位債券發行規模的世界紀錄。
The Global Tokenization Market is projected to grow from USD 4.47 billion to USD 17.56 billion, achieving a CAGR of 25.61%. Tokenization converts asset ownership rights into digital tokens on a distributed ledger, a process that facilitates fractional ownership and improves transparency throughout financial ecosystems. The market is primarily propelled by the necessity for instant settlement to reduce counterparty risk and the demand for enhanced liquidity in asset classes that are typically illiquid. Furthermore, financial institutions are adopting this technology to decrease operational expenses by using smart contracts to automate administrative tasks.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 4.47 Billion |
| Market Size 2031 | USD 17.56 Billion |
| CAGR 2026-2031 | 25.61% |
| Fastest Growing Segment | Services |
| Largest Market | North America |
Despite ongoing obstacles, market traction is measurable within specific financial instruments. In 2024, the International Organization of Securities Commissions reported that the issuance of tokenized fixed income products reached USD 3 billion. However, the broader market's expansion is significantly hindered by regulatory inconsistency across different jurisdictions. These disparate legal frameworks impose heavy compliance burdens that complicate international transactions and threaten to limit widespread institutional adoption.
Market Driver
The rising institutional adoption of real-world asset tokenization is fundamentally reshaping financial markets by migrating traditional instruments, such as government securities and money market funds, onto blockchain infrastructure. This transition is largely driven by the requirement for 24/7 liquidity, automated compliance through smart contracts, and the ability to fractionalize high-value assets for wider investor access. Leading asset managers have advanced from pilot phases to full-scale commercial deployment, confirming the technology's operational benefits and attracting significant capital; for example, Crypto Briefing reported in October 2025 that BlackRock's BUIDL fund exceeded USD 1.7 billion in assets under management, highlighting the rapid growth of on-chain institutional products.
Concurrently, the rapid proliferation of digital and contactless payment methods is accelerating the use of tokenization to mitigate cyber risks and improve transaction security. As consumers move away from physical cash, financial service providers are prioritizing the replacement of sensitive account data with unique digital identifiers to prevent unauthorized access and data breaches. This security-first strategy has been effective in curbing financial crime; according to Mastercard in June 2025, transactions utilizing tokenization technology see up to 50% less fraud than traditional card payments. This utility in both payments and asset management supports strong market optimism, with State Street projecting in October 2025 that tokenized assets could represent USD 5 trillion in market value by 2030, reflecting the technology's critical role in the future of global finance.
Market Challenge
Regulatory inconsistency across jurisdictions remains a primary impediment to the Global Tokenization Market, effectively fracturing the liquidity and efficiency the technology promises. When legal frameworks vary significantly between regions, financial institutions face substantial operational costs in navigating diverse compliance requirements for cross-border transactions. This fragmentation compels issuers to restrict assets to specific domestic markets, thereby negating the core benefit of seamless global value transfer and preventing the creation of deep, unified liquidity pools essential for institutional-grade adoption.
As a result, actual market penetration remains modest relative to the broader financial system, with firms hesitating to commit capital at scale. According to the Tokenized Asset Coalition, the market capitalization of tokenized real-world assets, excluding stablecoins, was approximately USD 15 billion in 2024. This figure suggests that despite high conceptual interest, the market is struggling to progress beyond pilot phases. The absence of a harmonized regulatory playbook fosters caution among major asset managers, directly dampening growth trajectories and confining tokenization to niche applications rather than allowing it to become mainstream financial infrastructure.
Market Trends
The rapid expansion of private credit and debt tokenization is emerging as a dominant market force, moving beyond an initial focus on government securities to address the widening global trade finance gap. This trend involves the migration of direct lending and corporate debt onto blockchain ledgers, offering issuers faster access to capital while providing investors with yield opportunities that outperform traditional fixed-income products. The technology enables the granular fractionalization of loan portfolios, increasing liquidity and transparency in a historically opaque asset class; this shift is supported by significant market growth, with Markets Media reporting in June 2025 that the value of tokenized private credit assets surpassed USD 14 billion, making up the majority of the total tokenized real-world asset market excluding stablecoins.
Simultaneously, the growth of tokenized green bonds and carbon credits is leveraging distributed ledger technology to improve the efficiency of environmental, social, and governance (ESG) financing. Governments and corporations are increasingly using tokenization to issue digitally native green bonds, which streamlines settlement processes and removes the need for traditional central securities depositories. This approach reduces issuance costs and provides verifiable proof of environmental impact through immutable on-chain data, attracting a wider range of global institutional investors. Validating this momentum, Ledger Insights reported in November 2025 that the Hong Kong Government successfully priced a digital green bond offering of HK$10 billion, setting a world record for the size of such digital issuances.
Report Scope
In this report, the Global Tokenization Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Tokenization Market.
Global Tokenization Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: