According to Binance Research’s June 2025 Market Insights, the tokenized real-world asset (RWA) market has surged more than 260% year-to-date, reaching a market cap of $23B, excluding stablecoins. This growth isn’t just momentum—it’s infrastructure taking shape.
1. Private Credit Leads: With a 58% share, tokenized private credit dominates the space, followed by U.S. Treasury debt (34%)—signaling real traction in institutional finance.
2. DeFi Integration Accelerates: Projects like BlackRock’s BUIDL Fund (up 4.5x in 2025 to $2.9B) are integrating directly with DeFi protocols like Euler Finance, enabling onchain lending against tokenized treasuries.
3. Multichain Expansion: Platforms such as Centrifuge and Securitize are deploying tokenized funds on Solana, connecting them to protocols like Kamino Finance—expanding RWAs beyond Ethereum.