科技界增长最快的市场不是 AI，而是 RWA
The Fastest Growing Market in Tech isn't AI
代币化真实世界资产（RWA）以 53% 的月复合增速成为科技界增长最快的市场，20 个月增长 5,133 倍，而 Anthropic 收入同期增速为 25%。RWA 让股票和大宗商品在区块链上 24/7 交易，并在商品交易所休市时承担近 100% 的公开价格发现，还为 Anthropic、OpenAI、SpaceX 等公司的 IPO 提供上市前数周的定价。
In short : Tokenized real-world assets are the fastest-growing market in tech, compounding at 53% a month versus 25% for Anthropic. Stocks & commodities trade on blockchains 24/7, IPO pricing happens weeks before listing, & Allium now powers Bloomberg's RWA terminal dashboard.
The fastest growing market in the world isn’t AI ; it’s in crypto.
| Market | Monthly growth, 20 months | Multiple |
|---|---|---|
| RWA trades | 53% | 5,133x |
| RWA spot volume | 36% | 483x |
| Anthropic revenue | 25% | 65x |
Real world assets (RWA) means enabling stocks & commodities like oil & copper to trade on blockchains, handling nearly 100% of the public price discovery when the commodities exchanges close.
RWA powers IPO pricing weeks before public listing for Anthropic, OpenAI, SpaceX, & Cerebras,2 using instruments called perpetuals on stocks;3 & RWA provides international access to important companies.
Stablecoins, digital money, have become a top-10 buyer of US government debt, more than China, Norway, & Switzerland, & they settle the transactions behind each of these tokenized assets.
Every major financial player is pushing into RWA, from J.P. Morgan to HSBC to BlackRock, Citi, Goldman, Franklin Templeton, Robinhood,4 Stripe,5 & many others.
As this market grows, blockchain data is essential. Bloomberg announced their RWA dashboard, powered by Allium, a Theory company.6, 7
The future of finance is onchain, & we’re rapidly seeing that transformation.
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Compound monthly growth rate, trailing 20 months. RWA data from Allium
rwa.core.spot_trades(Jan 2025 – Sep 2026); Anthropic revenue run rate from Reuters/Bloomberg/CNBC ($1b end-2024 to $65b July 2026). ↩︎ -
Hyperliquid: Pre-IPO Price Discovery on Crypto Rails (Talos) : Cerebras pre-IPO perp traded within 1.3% of its Nasdaq open ; SpaceX perps carried ~$215m OI & ~$2.2b cumulative volume pre-listing. ↩︎
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Pantera Capital, State of Tokenization : September 2026 : stock perpetuals on Hyperliquid & Lighter reached $67.8b in June, 16x tokenized equity spot. ↩︎
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DTCC begins first tokenized stock and Treasury production trades (The Block, July 15 2026) ↩︎
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Stripe’s stablecoin network — Stripe acquired Bridge & now settles stablecoin payouts, including Meta creator payouts, onchain. ↩︎
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Bloomberg Launches Stablecoin Dashboard on the Terminal Powered by Data from Allium (PR Newswire, Sept 30 2026) ↩︎
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来源：Tomer Tunguz 博客（VC 分析） · tomtunguz.com