RWA Tokenization: Gold, Ondo, ConstructKoin Race for 2025

The real-world asset tokenization market has demonstrated remarkable resilience and growth throughout 2025, more than doubling from $15.7 billion in January to over $35.5 billion today. This expansion occurred during the current bull run and maintained consolidation even as other cryptocurrency sectors showed weakness. The sustained momentum has captured the attention of both retail and institutional investors seeking profit-making opportunities as the year concludes. According to Boston Consulting Group projections, this represents just the beginning of a much larger transformation, with the RWA market potentially reaching $16 trillion by 2030.

While forecasts vary among major financial institutions, the consensus points toward substantial growth. McKinsey and Citi Group offer more conservative estimates of $4 trillion, while Standard Chartered projects an even more ambitious $30 trillion over the same period. Despite differing numerical predictions, all analysts agree the sector’s upward trajectory remains parabolic. This broad institutional validation underscores the fundamental strength of tokenization as it bridges traditional finance with blockchain technology across multiple asset classes including finance, commodities, and real estate.

Tokenized gold has delivered exceptional returns in 2025, with prices soaring from $2,600 per ounce at the year’s start to nearly $4,000 currently. Major players like Tether with XAUt and Paxos with PAXG have capitalized on gold’s popularity by offering tokenized versions among their stablecoin portfolios. The asset reached its peak on October 17, hitting an all-time high of over $4,300 before buy momentum eased and charts retraced. This performance was largely driven by the ongoing US-China trade war and gold’s traditional role as an inflation hedge during periods of economic uncertainty.

However, investors now question whether gold’s 2025 rally has exhausted its momentum. While gold typically serves as a safe haven during times of highest uncertainty, its current valuation may have already priced in existing geopolitical tensions. Unless major surprises emerge in global trade relations, particularly between the United States and China, the most profitable days for gold investors may have passed. The retracement from October’s peak suggests the market is searching for new catalysts to drive further appreciation in the precious metal.

Ondo Finance has emerged as one of the RWA sector’s frontrunners, specializing in tokenized US treasuries and bank demand deposits. Since its 2024 launch, ONDO has demonstrated impressive growth, rising from $0.16 to $0.69 per token—representing a 330% increase from inception. The token now boasts a market capitalization exceeding $2 billion, reflecting strong investor confidence. More significantly, Ondo’s total value locked (TVL) has nearly tripled from $612 million at the start of 2025 to $1.78 billion today, indicating robust fundamentals and sustained market interest.

The project’s institutional credibility received a major boost in March 2025 when Ondo moved $95 million into BlackRock’s tokenized asset fund BUIDL. This strategic move signaled deeper institutional involvement in the tokenization space and bolstered proponents’ claims that Ondo is positioning itself as ‘the BlackRock of crypto.’ The partnership with traditional finance heavyweights provides Ondo with a competitive advantage that may make its current token price appear undervalued given the project’s growing traction and institutional backing.

ConstructKoin represents an innovative newcomer to the RWA space, currently conducting its pre-sale on the Ethereum network. The project focuses on property development, enabling investors to ‘become the bank’ and earn yields between 7-15% through ownership of CTK tokens. What sets ConstructKoin apart is its loan book funding model powered by advanced AI and building information management software. This technological infrastructure allows lending decisions to be made in hours rather than weeks, dramatically accelerating property development timelines and creating rapid growth potential.

The project’s connection between digital assets and the traditionally stable real estate market positions it as a compelling investment opportunity. By offering double-digit yields through AI-powered property lending, ConstructKoin addresses a significant inefficiency in traditional real estate finance. As the project develops through 2025 and beyond, its unique approach to combining blockchain technology with tangible asset creation makes it a standout contender in the competitive RWA landscape.

As investors evaluate which RWA asset classes will perform best through the remainder of 2025, several key factors come into play. Gold’s strong performance this year faces headwinds unless global trade tensions escalate further. Ondo Finance appears well-positioned for medium-term growth given its established partnerships with traditional finance leaders and growing TVL. The project’s institutional credibility and expanding product offerings suggest the ONDO token may be currently underpriced relative to its potential.

ConstructKoin stands out as a project offering both substantial yields and exposure to the real estate sector’s stability. Its innovative use of AI to streamline property development financing addresses a genuine market need while providing attractive returns. For investors seeking exposure to the RWA revolution, assets with strong institutional backing, real yield generation, and technological innovation appear best positioned for sustained growth as the tokenization market continues its expansion toward potentially trillions in value.