WatcherGuru
Binance said on-chain tokenized assets have grown 589% since 2025 to roughly $31 billion, framing the figure as evidence that real-world asset tokenization has moved from experiment to active rail.
Why it matters
The 589% figure is the headline, but the more useful read is the composition underneath. Tokenized treasuries, money-market funds, and yield-bearing wrappers now hold the bulk of that $31B, and the growth tracks directly with TradFi's deepening footprint. BlackRock's BUIDL, Franklin Templeton's BENJI, Ondo's USDY, and a growing cluster of bank-issued products have all stacked up tokenized AUM in the same window, while settlement has shifted from permissioned chains to public L1s and L2s. Binance's pitch is that the exchange's liquidity, custody footprint, and distribution make it the natural front door for that flow.
Market impact
A 589% climb in roughly two years puts tokenized RWA among the fastest-growing verticals in crypto by any measure, and it lines up with the trend line from Boston Consulting Group and others projecting trillions in tokenized assets by 2030. The market signal for the rest of the sector is that on-chain distribution is no longer the bottleneck; institutional issuance, legal wrappers, and yield integration are. Watch the next legs: tokenized credit, private credit funds, and collateral mobility between tokenized treasuries and DeFi lending markets.
Frequently asked questions
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What are on-chain tokenized assets?
On-chain tokenized assets are real-world financial instruments, such as US Treasuries, money-market funds, and yield-bearing products, issued as blockchain tokens that settle and transfer on public networks rather than through traditional intermediaries.
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How much have tokenized assets grown according to Binance?
Binance said on-chain tokenized assets have grown 589% since 2025 to roughly $31 billion, citing the figure as evidence that real-world asset tokenization has moved from experiment to active rail.
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Which tokenized products are driving the growth?
Tokenized US Treasury products, money-market funds, and yield-bearing wrappers hold the bulk of the $31B figure. Named examples include BlackRock's BUIDL, Franklin Templeton's BENJI, and Ondo's USDY, all of which expanded AUM in the same window.
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Why does Binance highlight this number?
Binance is positioning itself as the default on-ramp for TradFi issuers, leveraging its liquidity, custody, and distribution to capture on-chain flow without requiring issuers to build the underlying rails themselves.
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What could gate the next leg of RWA growth?
On-chain distribution is no longer the primary bottleneck. The next growth phase depends on institutional issuance volume, legal wrappers that satisfy regulators, and tighter integration of tokenized assets with DeFi lending and collateral markets.
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