The tokenized real-world assets market has experienced remarkable growth, with active tokenized RWAs surging 589% from early 2025 to June 2026, according to Binance Research's latest Monthly Market Insights report. As reported by Binance Research, this expansion occurred despite Bitcoin and the broader crypto market falling sharply in early June amid rising expectations of higher interest rates, uncertainty surrounding the CLARITY market structure bill in the US, and shifting sentiment following Strategy's sale of 32 Bitcoin. The growth demonstrates the maturation of tokenization technology beyond traditional digital assets into diversified yield ecosystems, with 2026 marking RWA tokenization's maturation from a Treasury-dominated narrative into a diversified yield ecosystem. This shift represents less like a single product cycle and more like a broader onchain yield shelf taking shape.
Emerging markets are driving the explosive growth in tokenized stock trading, with 93% of trading volumes coming from emerging markets, according to the latest Binance Research report. This pattern mirrors the global stablecoin adoption trend, where emerging markets have led demand for U.S. dollar exposure to hedge against local currency devaluations. The report highlights that China and India, which control a third of the current global population, have a less than 20% participation rate in the U.S. equity market, despite the U.S. equity market representing about $80 trillion or half of total global market capitalization. Crypto platforms have eliminated traditional brokerage barriers that previously limited participation in U.S. equity markets, allowing users to trade U.S. equities via blockchain rails with tokenized stocks and ETFs. Tokenized stocks and ETFs allow native crypto users to access U.S. equity markets while investors' rights vary based on the issuer of particular tokenized stock offerings, with the sector showing similar acceleration on trading activity.
Binance Research projects that by 2031, crypto platforms could collectively funnel $2 trillion in incremental capital and nearly 300 million new users into global equity markets in the base case scenario. For the bullish case, the report expects demand to reach $5 trillion or close to 300 million new stock users from emerging markets. This represents a significant opportunity as 82% of the world's population lacks access to the largest equity market on earth. The report notes that 'crypto super-apps' allow users to consolidate crypto, equities, and cash management in one platform, with platforms like Coinbase, Binance, Gemini, and Hyperliquid all racing for the financial 'super-app' vision. The potential unlocks 300 million new users with substantial capital inflows at stake, though the report acknowledges challenges including ongoing crackdowns on crypto exchange capital flows, especially across Africa, where users could have their entire equity investments and cash flows locked up by governments.
While equities led growth rates, fixed-income products remained the largest source of new capital entering the sector. As reported by Binance Research, tokenized bonds and money market funds added $6.5 billion in value, representing an 83% increase during the period. Outside equities, tokenized precious metals also attracted investor demand, with the sector adding $1.5 billion in value, representing growth of 39% during the measured period, primarily occurring during January and February when geopolitical tensions increased demand for defensive assets. During that period, tokenized gold moved above $6 billion before momentum cooled as underlying gold prices retraced, demonstrating the volatility characteristics of commodity-backed tokens. Most of these precious metals gains came during January and February as geopolitical uncertainty fueled demand for safe-haven assets.
Institutional activity has increased beyond tokenized securities and commodity-backed products, with real estate seeing significant developments. According to Binance Research, Apex Group has begun providing fund services through Goldman Sachs' Digital Asset Platform, demonstrating rising interest in blockchain-based settlement and fund administration. The report highlights that institutional rails were also highlighted beyond equities, pointing to tokenization demand in settlement and administration rather than just speculative access. Financial institutions are also examining tokenized deposit networks as stablecoins gain market share in global payments, with banks exploring blockchain-based payment infrastructure to modernize transaction systems and improve settlement efficiency. According to The Wall Street Journal, The Clearing House — a bank-owned payments operator backed by JPMorgan Chase, Citibank, Bank of America, BNY and Wells Fargo — plans to launch a tokenized deposit network next year, marking another step toward integrating tokenization into the traditional banking system.
