Real-world asset (RWA) tokenization is gaining traction in 2025 as different countries across the globe push to bring various illiquid assets on-chain. Leading the push into this not-so-new trend is the United Arab Emirates (UAE) which has already leapt into tokenizing real estate. Other nations including the Central African Republic (CAR) are also in the race to tokenize government-owned land. 

Nations are moving in to capitalize on the opportunities brought about by blockchain. Tokenization of real estate will bring liquidity into traditionally illiquid assets as well as open up fractional ownership of towers, land and even more. The trend also aligns with globalization welcoming investors from across the globe on board. 

Dubai Records $18B in Tokenized Real Estate Sales in May 

On Sunday May 25, the Dubai Land Department (DLD) made a landmark leap into real estate tokenization. The department announced the launch of a new real estate tokenization project that would leverage the XRP Ledger. Through this new project, investors worldwide would gain access to different tokenized real estate assets via the ‘Prypco Mint’ – a tokenization platform operated via the Dubai Real Estate Sandbox. 

According to recent reports, this new launch has turned out to be strategic for Dubai. A report by Property News shows that the country reached new highs in tokenized property sales in May 2025. Dubai’s total real estate market reached AED 66.8 billion (approximately $18.2 billion). 

These figures show a 6% sales surge from the April sales volume and a 44% surge year-over-year (YoY). This surge has been fueled by primary and secondary market activity. the primary ready transactions quadrupled to AED 17.9 billion (about $4.88B) across 2,400 deals YoY. This marks a 314% surge in value and 145% surge in volume. 

On the other hand, secondary ready sales reached a new all-time high at AED 24 billion ($6.55B) in 6,078 transactions. These sales have pumped 21% in value and 8% in volume since May 2024. This performance comes amid Dubai’s efforts to accelerate real estate tokenization in the UAE. 

Central African Republic Plans to Tokenize Land 

Besides Dubai, real estate tokenization is also gaining traction in Africa. In a recent development, the Central African Republic president Faustin-Archange Touadéra announced the country’s move to tokenize land. 

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This month, we are launching the platform that will allow citizens around the world to access tokenized land concessions in the Central African Republic, via $CAR on @solana.

A new chapter for digital ownership begins.$CAR @CARMemecoinNews pic.twitter.com/C63TJ8eHb2

— Faustin-Archange Touadéra (@FA_Touadera) June 3, 2025

In this push, CAR will launch a new platform to facilitate the purchase of tokenized land concessions by global investors. The president confirmed that investors will be able to do so via the CAR token on Solana. This launch marks a new leap into property ownership across Africa. 

As per the Central African Republic president, the land parcels on offering are cleared, registered, subdivided. They are also connected by roads thus making them ready for agriculture or even construction. He further confirmed that they are meant for ‘real, peaceful development.”

“The land is cleared, registered, subdivided, and connected by existing roads — ready for agriculture or construction. These parcels do not involve mining activity. They are designed for real, peaceful development,” Faustin-Archange Touadéra wrote. 

The CAR government is also working to create a legal and technical framework to tokenize natural resources. Some of the natural resources found in the country include gold, diamonds, uranium and other minerals. 

Projections for Real-World Asset Tokenization 

Real-asset tokenization is growing massively in recent times. In fact, several analysts believe that RWA is taking the spotlight in the current crypto cycle. For instance, Real World Asset Watchlist shared that “RWA is the BIGGEST narrative this cycle.” 

As at the moment, data by CoinMarketCap shows that RWA has a total market cap of $52.59 billion. While this level marks a significant drop from the $70 billion recorded at the start of 2025, the Real World Asset Watchlist believes that the market is set to grow immensely towards the end of 2025. 

The projections show that the total RWA market cap could reach $1 trillion in the near future. Such a surge would mark a significant growth for the market which is already showing signs of a potential boom. The market has shown a steady growth from $30 billion market cap in 2023, to $70 billion in 2024 and now a push to new highs.

As real-world asset tokenization takes the spotlight in the crypto market yet again, Dubai, Qatar and the Central African Republic are at the forefront of this trend. Other nations will follow in on this new trend as it has the potential to transform global economies.