Binance Research: RWA Token Market Hits $23B as Private Credit Leads 260% Surge in H1 2025

Binance Research’s mid-2025 review finds the RWA Market has surged 260% to $23B, propelled by tokenized private credit, which commands 58% of assets. Treasury products such as BlackRock’s BUIDL fund and protocols like Tradable have deepened DeFi integration, pointing to wider on-chain utility.