Cardano founder Charles Hoskinson believes that real-world asset (RWA) tokenization will serve as the key catalyst for cryptocurrency growth over the next half decade. Speaking at Korea Blockchain Week (KBW) 2025, which kicked off on September 22, Hoskinson told CoinDesk that tokenization is set to reshape blockchain adoption while emphasizing the United States’ pivotal role in guiding this transition.
$10 Trillion in Assets Could Move On-Chain
Hoskinson projected that as much as $10 trillion worth of real-world assets could eventually be tokenized and brought onto blockchain networks. For context, the current total cryptocurrency market capitalization is under $4 trillion, meaning tokenization could inject more than double that amount into the industry.
This view aligns with growing momentum across the sector, as the feasibility of converting traditional financial assets into digital tokens becomes increasingly practical. Global investment powerhouse BlackRock has already voiced its belief in the tokenization of everything, with CEO Larry Fink calling it a natural next step for finance. Hoskinson echoed that outlook, suggesting that tokenization could drive the industry to “newer heights” in the coming years.
U.S. Set to Lead the Tokenization Race
While bullish on the potential, Hoskinson acknowledged that the technical and regulatory details of tokenization remain unsettled. He highlighted gaps between intent and execution, pointing to unresolved issues such as disclosures, broker-dealer requirements, custody solutions, and KYC processes for cross-border settlements.
Hoskinson argued that the United States, once it finalizes a clear framework, will lead the global charge in this emerging sector. “We’ll create one unified securities market across the entire world,” he said, noting that U.S. leadership would ensure that RWA tokenization powers most of crypto’s growth over the next five years.
Ripple, Ethereum Positioned to Benefit
Hoskinson’s remarks reinforce the growing conviction among industry leaders that RWA tokenization will become one of blockchain’s dominant narratives. Ripple has previously forecasted that the market for tokenized assets could grow to $19 trillion by 2033, reflecting its massive long-term potential.
Investment experts are already weighing in on how investors might gain exposure to this shift. According to Bitwise CIO Matt Hougan, XRP and Ethereum represent the “cleanest way” to invest in the tokenization boom. Ripple’s XRPL Ledger, designed for efficient asset transfers, and Ethereum’s extensive smart contract infrastructure are expected to underpin large portions of the tokenization economy.
A Defining Era for Blockchain
Hoskinson’s prediction signals that tokenization could usher in a defining era for the blockchain industry. By bridging traditional finance with decentralized systems, RWA tokenization not only promises to expand the market size but also strengthen blockchain’s credibility as a mainstream financial infrastructure. If his $10 trillion forecast materializes, the next five years may mark the most transformative period for crypto to date.