The market for tokenized real-world assets has climbed 589% since early 2025, with tokenized stocks emerging as the fastest-growing segment, according to Binance Research.
Summary
- Binance Research said the tokenized RWA market has grown 589% since early 2025, with tokenized stocks leading gains.
- Tokenized stocks surged 422%, while bonds and money market funds added $6.5 billion in value.
- Institutional adoption expanded across equities, real estate, and payment infrastructure as tokenization activity increased.
Binance Research said in its latest Monthly Market Insights report that active tokenized RWAs continued to expand despite pressure across digital asset markets from interest-rate concerns, regulatory uncertainty, and weaker investor sentiment during 2026.
Data from the report showed tokenized stocks recorded a 422% increase in market value over the period, outpacing every other major RWA category. Binance Research attributed much of that growth to platforms offering blockchain-based access to traditional equities and exchange-traded funds.
Among the largest contributors, Binance Research highlighted Ondo Global Markets, which surpassed $1 billion in total value locked within eight months of launch through its tokenized stock and ETF offerings.
While equities led growth rates, fixed-income products remained the largest source of new capital entering the sector. Binance Research reported that tokenized bonds and money market funds added $6.5 billion in value, representing an 83% increase during the period.
“2026 marks RWA tokenization’s maturation from a Treasury-dominated narrative into a diversified yield ecosystem.”
Tokenized equities attract new demand
Fresh activity in tokenized equities has accelerated as crypto firms expand access to publicly traded and private-market investments through blockchain networks.
Recent attention has centered on tokenized exposure to private companies. As crypto.news reported earlier, Kraken introduced a tokenized version of SpaceX stock through the xStocks tokenized equities platform, bringing one of the world’s most closely watched private companies into the growing tokenization market.
Trading activity has followed the expansion. According to figures cited in the report, cumulative volume across xStocks exceeded $25 billion within roughly eight months of launch.
Outside equities, tokenized precious metals also attracted investor demand. Binance Research reported that the sector added $1.5 billion in value, representing growth of 39% during the measured period.
Most of those gains occurred during January and February, when geopolitical tensions increased demand for defensive assets. Binance Research said tokenized gold products briefly pushed the sector above $6 billion before momentum slowed alongside a pullback in gold prices.
Institutional participation expands across asset classes
Institutional activity has also increased beyond tokenized securities and commodity-backed products.
In real estate, Apex Group has begun providing fund services through Goldman Sachs’ Digital Asset Platform, a development that Binance Research cited as evidence of rising interest in blockchain-based settlement and fund administration.
Financial institutions are also examining tokenized deposit networks as stablecoins gain market share in global payments. Binance Research said banks are exploring blockchain-based payment infrastructure to modernize transaction systems and improve settlement efficiency.
Separate industry data suggests blockchain networks are already benefiting from that trend. As crypto.news reported earlier, Messari’s State of Solana Q1 2026 report showed Solana’s real-world asset market capitalization rose 43% quarter over quarter to $2.01 billion
Messari also reported that Solana generated $342.2 million in Chain GDP during the first quarter, highlighting growing activity around tokenized financial products on the network.
