Australian crypto exchange BTC Markets has notified the country’s securities regulator, the Australian Securities and Investments Commission, of its intention to apply for a market license to offer regulated tokenized assets (RWA).
“Our plan is to acquire the licensing infrastructure that will allow certain types of tokenized assets to be offered and made available to the public,” BTC Markets CEO Lucas Dobbins said Monday.
The vision is a world where stocks, bonds and real-world assets will trade alongside cryptocurrencies, markets will operate continuously and settlements will be instantaneous, he added.
Speaking to Cointelegraph, Dobbins said that “the roughly $26 billion in tokenized assets on the chain is really just a proof of concept.”
Even conservative forecasts suggest that tokenized markets will reach around $2 trillion by 2030, while others, such as Boston Consulting, have put the possibility at $16 trillion, he added.
“What’s changed is that it’s no longer theoretical. Institutions like BlackRock, Goldman Sachs and JPMorgan are already launching real products.”
BTC Markets aims to join the likes of Kraken and Robinhood, which started offering tokenized RWAs in 2025.
Big names in crypto and TradFi tokenization of the eye
American crypto exchange Kraken started offering tokenized stocks in June 2025 through a new platform called xStocks.
On March 5, the platform launched xChange, an onchain trading engine designed to facilitate the trading of tokenized shares on the Ethereum and Solana networks.
Robinhood also announced a tokenized equity trading platform for European markets in 2025.
related to: Crypto exchanges grow as the tokenized commodity market soars to $7.7 billion
In January, the owner of the New York stock exchange Intercontinental Exchange said it was developing a platform to support the trading of securities, including stocks and ETFs.
Nasdaq has also proposed to integrate tokenized versions of stocks and ETPs into its existing trading infrastructure.
Meanwhile, Coinbase announced in December that it plans to launch Coinbase Tokenize, an institutional platform designed to support and manage tokenized RWAs.
Ability to mark RWA in Australia
In Australia, research by the Digital Finance Cooperative Research Center suggests that tokenized markets could generate about A$24 billion ($16.8 billion) a year in economic benefits, or about 1% of GDP, Dobbins continued.
“On the current trajectory, we can only get about $1 billion of it by 2030, which underlines the possibility. To unlock it, we need a market license infrastructure that allows tokenized assets to trade in a reliable regulatory framework,” he said.
Dobbins said Australia also has “many of the structural drivers needed for adoption, including strong regulation, deep capital markets and one of the largest pension systems in the world”.
“With improved regulatory clarity and infrastructure development, Australia has the opportunity to play a key role in the next phase of tokenized financial markets.”
“The first use cases are likely to be found in areas such as private markets, infrastructure investments and fund distribution, where tokenization can improve efficiency and accessibility,” he said.
RWA tokenized TVL is at the peak despite the bear market
RWA.xyz reports that the current onchain value of tokenized RWAs is $26.5 billion, with Ethereum commanding the largest RWA market share at 57.4%, excluding layer-2 and EVM platforms.
Magazine: Bitcoin Will Soon Outpace Gold, FBI Cracks Down $46 Million Cryptocurrency Heist: Hodler’s Digest
