{"id":62910,"date":"2026-03-09T13:31:45","date_gmt":"2026-03-09T06:31:45","guid":{"rendered":"https:\/\/hbbgroup.net\/btc-markets-eyes-rwa-trading-license-amid-global-tokenization-wave\/"},"modified":"2026-03-09T13:31:45","modified_gmt":"2026-03-09T06:31:45","slug":"btc-markets-eyes-rwa-trading-license-amid-global-tokenization-wave","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/btc-markets-eyes-rwa-trading-license-amid-global-tokenization-wave\/","title":{"rendered":"BTC Markets eyes RWA trading license amid global tokenization wave"},"content":{"rendered":"
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Australian crypto exchange BTC Markets has notified the country\u2019s securities regulator, the Australian Securities and Investments Commission, of its intention to apply for a markets license to offer regulated tokenized real-world assets (RWAs).<\/p>\n

\u201cOur plan is to obtain licensing infrastructure that enables particular types of tokenized assets to be offered and available to the public,\u201d said<\/a> BTC Markets CEO Lucas Dobbins on Monday.<\/p>\n

The vision is a world where tokenized equities, bonds, and real-world assets will trade alongside cryptocurrencies, markets will operate continuously, and settlement will be instant, he added.<\/p>\n

Speaking to Cointelegraph, Dobbins said \u201cthe roughly $26 billion in tokenized assets on-chain today is really just the proof of concept.\u201d<\/p>\n

Even conservative forecasts suggest tokenized markets could reach around $2 trillion by 2030, while others, such as the Boston Consulting Group, have estimated<\/a> the opportunity as high as $16 trillion, he added.\u00a0<\/p>\n

\u201cWhat\u2019s changed is that this is no longer theoretical. Institutions like BlackRock, Goldman Sachs, and JPMorgan are already launching real products.\u201d<\/p><\/blockquote>\n

BTC Markets is aiming to join the likes of Kraken and Robinhood, which began offering tokenized RWAs in 2025.\u00a0<\/p>\n

Big names in crypto and TradFi eye tokenization<\/h2>\n

American crypto exchange Kraken began offering tokenized stocks in June 2025 via a new platform called xStocks.\u00a0<\/p>\n

On March 5, the platform launched xChange<\/a>, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks.<\/p>\n

Robinhood also announced a tokenized stock trading platform for European markets in 2025.\u00a0<\/p>\n

Related: <\/strong><\/em>Crypto exchanges gain as tokenized commodity market climbs to $7.7B<\/strong><\/em><\/a><\/p>\n

In January, the owner of the New York Stock Exchange, Intercontinental Exchange, said it was developing a platform<\/a> to support trading of tokenized securities, including stocks and ETFs.\u00a0<\/p>\n

Nasdaq has also proposed integrating tokenized versions of stocks and ETPs into its existing trading infrastructure.\u00a0<\/p>\n

Meanwhile, Coinbase announced<\/a> in December that it plans to launch Coinbase Tokenize, an institutional platform designed to support the issuance and management of tokenized RWAs.<\/p>\n

RWA tokenization opportunity in Australia<\/h2>\n

In Australia, research from the Digital Finance Cooperative Research Centre suggests<\/a> tokenized markets could generate around $24 billion AUD ($16.8 billion) a year in economic gains, roughly 1% of GDP, Dobbins continued.\u00a0<\/p>\n

\u201cOn the current trajectory, we may only capture around $1 billion of that by 2030, which highlights the opportunity. Unlocking it will require licensed market infrastructure that allows tokenized assets to trade within a trusted regulatory framework,\u201d he added.<\/p>\n

Dobbins said that Australia also has \u201cmany of the structural drivers needed for adoption, including strong regulation, deep capital markets, and one of the largest pension systems in the world.\u201d<\/p>\n

\u201cAs regulatory clarity improves and infrastructure develops, Australia has the potential to play a meaningful role in the next phase of tokenized financial markets.\u201d<\/p><\/blockquote>\n

\u201cThe first use cases will likely appear in areas such as private markets, infrastructure investments, and fund distribution, where tokenization can improve efficiency and access,\u201d he said.<\/p>\n

Tokenized RWA TVL at peak despite bear market<\/h2>\n

RWA.xyz reports<\/a> that the current onchain total value<\/a> of tokenized RWAs is $26.5 billion, with Ethereum commanding the largest share of the tokenized RWA market at 57.4%, not including layer-2 and EVM platforms.<\/p>\n

RWA onchain value is posting all-time highs despite the crypto bear market. Source: RWA.xyz<\/em><\/figcaption><\/figure>\n

Magazine: <\/strong><\/em>Bitcoin to outperform gold soon, FBI busts $46M crypto heist: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n