TL;DR
- The real-world asset (RWA) tokenization market grew by 260% so far in 2025, reaching 23 billion dollars, according to data from Binance Research.
- This expansion is driven by clearer U.S. crypto regulations and rising institutional interest.
- Tokenized private credit leads the sector, followed by tokenized U.S. Treasury debt.
The first half of 2025 has marked an unprecedented leap in the adoption of real-world assets on blockchain. What began the year with a market volume of 8.6 billion dollars has now exceeded 23 billion. Behind this growth lies the consolidation of legal frameworks that, while not perfect, provide clearer signals for institutional investors.
Real-world assets (RWAs) refer to tangible financial instruments, such as bonds, private credit, or real estate, that are now being digitized and traded on public blockchains. This trend not only democratizes access but also enables greater transparency and liquidity in products that were traditionally reserved for large funds.
Private Credit Advances and Institutional Engagement
According to the Binance Research report, 58% of the current RWA market is represented by tokenized private credit, while 34% comes from tokenized U.S. Treasury debt. This diversification reflects a growing appetite for instruments with stable yields, especially at a time when Bitcoin has shown price consolidation and short-term uncertainty.
Regulatory guidance issued by the SEC on May 29 regarding crypto staking was seen as a step toward more comprehensible rules. Although RWAs still lack a specific regulatory framework and are classified as securities, the broader crypto legal environment has enabled RWA products to thrive without immediate legal friction.
In addition, the U.S. Congress is expected to soon vote on the GENIUS Act, a bill designed to establish clear rules for stablecoins, a key element within the tokenized asset ecosystem.
Bitcoin, Corporate FOMO, and RWAs as Financial Safe Haven
As Bitcoin’s price moves sideways, some companies are leaning toward more predictable and safer options. For this reason, the appeal of RWAs as an alternative with fixed returns has grown considerably. At least 124 publicly traded companies currently hold Bitcoin on their balance sheets, but many others are choosing indirect exposure to crypto through tokenized versions of traditional assets.
Although a slowdown in market activity is expected during the summer, the long-term focus and favorable regulation are likely to continue fueling both RWAs and Bitcoin within the corporate landscape. Blockchain technology, far from being a future promise, is already reshaping the foundations of global finance.
