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Morgan Stanley sees tokenized RWA market reaching $3T-$10T by 2030

October 12, 2026, 11:44 AM
Morgan Stanley expects the market for tokenized real-world assets, or RWA, to grow to between $3 trillion and $10 trillion by 2030, The Block reported. Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, said there was little doubt the tokenized RWA market would reach that range by 2030, adding that strong industry activity was drawing more market participants and that fear of missing out was spreading among institutional investors.

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