# RWA: rapidly-growing category within Web3
The market for RWAs has seen rapid growth, with the market value surpassing $12 billion according to a recent Binance Research report \[1]. RWA tokenization, the process of converting tangible and intangible non-blockchain assets into digital tokens, is at the heart of this trend. By harnessing blockchain technology, RWA tokenization democratizes access to high-value and oftentimes illiquid opportunities like real estate, commodities, intellectual property, and more.
RWA on-chain will take a lot of assets to new levels by enabling substantially-improved liquidity, transparency, and capital efficiency—this is estimated to be a $3+ trillion market by 2030 \[2], and we are just scratching the surface.
Having composable fungible tokens unlocks countless possibilities for the ecosystem to build additional products and offerings around these building blocks—such as tokenized securities (e.g., Ondo), yield trading (e.g., Pendle), staking network (e.g., StakeStone), etc. Right now, across the Bitcoin ecosystem, we are noticing a potential gap that Prosper can fill in.
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\[1] Binance Research; as of 13 Sep 2024
\[2] 21.co (Swiss digital asset manager); as of Oct 2023
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