Bybit CEO on how stablecoins and RWAs are powering the next era of finance
Bybit co-founder and CEO Ben Zhou outlined his vision for the future of digital finance at the Blockchain for Good Alliance (BGA): The Scaling Summit in Singapore, a TOKEN2049 side event, emphasizing that real-world assets (RWAs) and stablecoins have moved beyond speculation to become essential pillars of the global financial system. From speculation to real-world adoption Zhou cited recent data showing that the RWA market has grown more than 400% over the past three years, from approximately $5 billion in 2022 to over $30 billion in 2025. Private credit and U.S. Treasuries account for the largest share, at $14.7 billion and $7.3 billion, respectively. He referenced forecasts from McKinsey and Standard Chartered, estimating that tokenized assets could reach between $4 trillion and $30 trillion within a decade. Stablecoins, meanwhile, have become a central pillar of on-chain activity, with a market capitalization exceeding $300 billion as of September 202...