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RWA tokenization is moving from experiment to infrastructure. Institutions have arrived. Capital is flowing. The question now is who builds the market for what's coming.

What's Inside
  • The state of RWA tokenization in 2026: where the market actually is vs. the hype
  • Institutional capital flows: which asset classes are tokenizing first and why
  • Protocol landscape analysis: the infrastructure layer taking shape on-chain
  • Regulatory environment and how it shapes institutional adoption timelines
  • The GTM opportunity: how to position in a market that's still being defined
  • Original research and data compiled from primary sources, on-chain data, and institutional filings
About the Author

Rick Bakas launched a tokenized asset project on Solana in 2021 and served as CMO for a blockchain protocol in 2023. He has been researching and operating in the RWA space before the institutional wave arrived. This report reflects original analysis, not synthesized summaries of other reports.

Downloaded by investors, founders, and protocol teams. Updated April 2026.
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Published
September 2025
Updated
April 2026
Format
PDF · Free Download
Topic
Blockchain · RWA · Institutional