The tokenized real-world asset (RWA) market has surpassed US$10 billion in market capitalization, experiencing a tenfold growth since early 2024, according to a report by Binance Research.

• The market cap grew from under US$1 billion to over US$10 billion.
• This growth was driven by increased investor access, particularly from emerging markets, seeking to bypass traditional fees and convert stablecoins into equities.
• Approximately 80% of tokenized stock trading activity on Binance originates from users in emerging markets, highlighting a significant unmet demand for global equity access.