Binance: On chain tokenization RWA scale surges 589% to $31.4 billion, institutionalization process accelerates According to BlockBeats, on June 24th, the latest report from Binance Research Institute showed that the scale of tokenized real-world assets (RWAs) on the chain has grown by 589% since the beginning of 2025, and has now exceeded $31.4 billion, further expanding from $21.5 billion at the beginning of 2026 and growing by about five times compared to the beginning of 2025. The main drivers of growth came from bonds and money market funds, with a combined increase of approximately $6.5 billion in assets, representing an 83% growth rate. Tokenized US treasury bond bonds, money market funds, gold backed assets and token listed stocks are the main driving forces for this round of growth. Although the base of tokenized stocks is relatively small, their growth rate is particularly prominent, indicating that issuing institutions are testing whether the blockchain track can support a wider range of traditional securities asset circulation. Analysts point out that this round of RWA growth is different from the previous narrative of speculative trading or DeFi profits in the cryptocurrency market, and is more closely linked to traditional financial infrastructure, focusing on institutional demands such as settlement efficiency, collateral liquidity, and programmable asset services. However, compared to the trillions of dollars in global bond, money fund, and stock markets, $31.4 billion is still a drop in the bucket. The report points out that the key to the next stage of growth lies not in the token issuance itself, but in the depth of liquidity, legal enforceability, custody standards, and the improvement of secondary market access. The regulatory framework remains the core bottleneck restricting further expansion of scale. [Original link]