The market for tokenized real-world assets, excluding stablecoins, has surged past $12 billion, according to Binance.
This growth is largely driven by tokenized U.S. Treasuries, with significant participation from major financial institutions such as BlackRock and Franklin Templeton, according to a Binance Research report released on Sept. 13.
This total excludes the $175 billion stablecoin market, which remains separate from RWAs.
Tokenization is the division of traditionally illiquid assets, such as real estate, government bonds, and commodities, into fractions, making them more accessible to a wider range of investors. It also streamlines processes like record-keeping and settlement, potentially transforming the trade and management of assets in traditional finance.
The market value of tokenized U.S. Treasury funds alone has exceeded $2.2 billion, according to the report.
BlackRock’s BUILD Treasury product leads the…
