The RWA market (Real World Assets) has grown by more than 260% since the beginning of 2025, according to a recent report by Binance Research. As of mid-year, the sector has surpassed a valuation of $23 billion, up from $8.6 billion in January. This explosive growth is largely driven by the tokenization of private credit and U.S. Treasury debt, which together account for over 90% of the total RWA volume.
The report highlights real world assets as a key area for blockchain adoption and institutional expansion, especially as regulatory clarity improves.
Binance Research Highlights RWA Market Growth
The latest Binance Research report states that private credit tokenization represents approximately 58% of the RWA sector, while tokenized U.S. Treasuries contribute another 34%. The trend is gaining momentum as institutions look to blockchain infrastructure for liquidity, transparency, and cross-border accessibility.
According to the researchers, the growth of the RWA market reflects an early stage of maturity in asset tokenization. The model allows real-world instruments—such as bonds, invoices, and loans—to be represented on-chain, enabling easier transfers, fractional ownership, and usage in DeFi protocols.
Regulatory Clarity Expected to Boost RWA Market
Although RWAs are often considered securities under current U.S. regulations, the report emphasizes that progress in crypto policy is indirectly benefiting the RWA space. The SEC’s May 29 guidance on staking was interpreted as a move toward more reasonable regulation, which experts view as a win for the entire blockchain industry.
Additionally, the market is awaiting a Senate vote on the GENIUS Act, which would establish legal frameworks for U.S. stablecoins. If passed, this could create further regulatory momentum, reinforcing the role of tokenized assets within the broader economy.
What Are RWAs and Why Do They Matter?
Real World Assets (RWAs) are physical or traditional financial instruments that have been tokenized to exist on a blockchain. This includes assets like real estate, debt instruments, private equity, and government bonds.
By bridging the traditional and decentralized finance worlds, RWA tokens can be traded, used in collateral, or plugged into DeFi systems for yield generation. This unlocks new utility and accessibility, particularly for illiquid or hard-to-transfer assets in legacy markets.
Binance Sees RWA Market as Strategic Focus
According to Binance Research, the RWA market is now one of the most promising verticals in blockchain. As more institutional players explore asset tokenization, the demand for reliable infrastructure, compliance frameworks, and on-chain analytics is likely to grow rapidly.
The report concludes that the sector is “poised for continued expansion” as clarity around ownership rights, compliance, and custody evolves.
