In the first half of 2025, the RWA market grew by more than 260%, exceeding a total valuation of $23 billion. At the beginning of the year, this amount was $8.6 billion, according to a report by Binance Research.
The surge in the RWA market was driven by tokenized private credit, which accounted for about 58% of the sector. Following this was tokenized U.S. Treasury debt (34%).
As the regulatory framework becomes clearer, the sector will be ready for further growth and increased participation from key industry players, according to the Binance Research report.
RWA assets do not have a specific regulatory framework and are considered securities by the U.S. Securities and Exchange Commission (SEC). However, this sector still benefits from the development of the regulatory framework in the broader crypto space.
On May 29, the SEC released new guidance on cryptocurrency staking, which was viewed by experts as a step towards 'more sensible regulation, marking a significant victory for the industry.' Market participants are now awaiting a Senate vote on the Guiding and Establishing National Law on Innovations for U.S. Stablecoins (GENIUS), which is set to establish clear rules for stablecoin collateralization.
RWA (Real World Assets) refers to the tokenization of real assets, which means converting physical objects into digital tokens. Such tokens can be easily transferred, sold, and used in decentralized finance (DeFi).
