RWA tokens reach $23 billion after 260% surge in 2025

The tokenisation of real-world assets (RWAs) has expanded significantly in the first half of 2025, with the market growing over 260 percent to exceed $23 billion in total valuation.

This marks a sharp rise from $8.6 billion at the start of the year, according to a Binance Research report.

Real-world asset tokenisation involves converting tangible financial assets into blockchain-based tokens, enhancing investor access and trading possibilities on an immutable ledger.

The surge in RWA adoption is closely linked to increasing regulatory clarity in the United States, which has encouraged broader acceptance of blockchain financial products.

Tokenised private credit has been the primary driver of this growth, representing approximately 58 percent of the market share.

Tokenised U.S. Treasury debt follows with about 34 percent, reflecting institutional interest in stable and yield-generating assets.

Despite the absence of a dedicated regulatory framework for RWAs, the sector benefits from developments in the wider crypto regulatory environment.

The U.S. Securities and Exchange Commission (SEC) classifies RWAs as securities but has recently issued new guidance on cryptocurrency staking, viewed as a step toward “more sensible regulation.”

Alison Mangiero, head of staking policy at the Crypto Council for Innovation, described this as a “significant win for the industry”.

The market also awaits a Senate vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to clarify rules for stablecoin collateralisation.

Analysts note that Bitcoin’s (CRYPTO:BTC) price consolidations have contributed to RWA market growth by positioning tokenised assets as safer investment alternatives with predictable yields.

In addition, corporate adoption of Bitcoin continues to rise, with at least 124 public companies holding Bitcoin in their treasuries.

According to Binance Research, corporate Bitcoin adoption is driven by long-term balance sheet strategies and treasury diversification rather than short-term market trends.