Binance Research Reveals Why Real-World Assets (RWA) Utilization Could Outweigh New Crypto Issuance in Future Market Trends.

The recent findings by Binance Research indicate a significant advancement in the tokenization of real-world assets (RWA), with total assets under management (AUM) reaching $34.18 billion as of mid-September 2026, marking an impressive 85.2% growth year-to-date. The dominant categories contributing to this surge are bond and money-market funds at $18.29 billion and equities, which exhibited an extraordinary growth rate of 390.4%. Collectively, these asset classes accounted for a majority of the new capital added to the tokenized market, highlighting the ongoing maturation and market acceptance of RWA.

Despite the promising growth trajectories, tokenization still represents a small fraction of its total addressable markets, which exceed $300 trillion globally. The Programmable Asset Ratio (PAR) remains approximately at 0.01%, demonstrating a considerable gap between current tokenized assets and the broader potential. Tokenized equities, while growing dramatically, constitute a mere 0.0029% of the $151.9 trillion listed-equity market. Nonetheless, the increase in the share of equities in the tracked RWA AUM from 4.9% to 13.0% signals shifting investor sentiment towards tokenized forms of these assets.

The report underscores the need for focusing not just on the growth of tokenized supply but also on its utilization. The Capital Activation Rate (CAR) currently sits at around 12%, indicating a significant opportunity for deeper market engagement. Particular asset classes, such as private credit, have shown higher CAR figures (49.67%), while equities are progressively improving in their usage metrics. Asset utilization appears driven by trading liquidity and collateral requirements, signifying a pathway for future growth as trading infrastructures evolve.

Source: The Economic Times

(Expert Note: This intelligence brief was structured and verified by the Wealthova editorial desk.)