Tokenization surges as VCs back startups bringing energy assets onchain, establishing new credit markets and expanding stablecoin infrastructure.
Real-world asset (RWA) tokenization has become a key focus for venture capital, as investors zero in on the intersection of two powerful trends: institutional adoption of blockchain technology and the search for alternative sources of yield.
In 2025, tokenization has emerged as one of blockchain’s biggest growth areas, with the total value of onchain assets rising to $28 billion from $15 billion over the course of the year. As venture firms grow more selective with their capital allocations, tokenized assets have stood out as a clear area of opportunity.
So far, much of the activity has centered on private credit and US Treasury bonds, but the scope is steadily widening to include equities and even energy assets.
