Binance Research says on-chain RWA market reaches $34.18B, up 85.2% YTD

On-chain tokenized real-world assets stood at $34.18 billion as of Sept. 15, up 85.2% from the start of the year, according to a Binance Research report. Bonds and money market funds accounted for the largest share at $18.29 billion, while tokenized stocks grew 390.4% over the same period. The two categories made up more than 75% of the new market value added to the RWA sector this year. The report said the current value of tokenized underlying assets amounts to only about 0.01% of the broader underlying asset market, and only around 12% of on-chain RWA is being used in DeFi, including liquidity pools, lending, and collateral markets. For further growth in the RWA market, it said, raising DeFi usage of tokenized assets will be as important as bringing assets on-chain.