On-Chain Tokenized Assets Surge Past $31 Billion Amid Institutional Adoption

The on-chain tokenized asset market has experienced explosive growth since early 2025, reaching over $31 billion in value. According to Binance Research, this represents a staggering 589% increase from its starting point.

Tokenized bonds and money market funds have been the largest contributors to this growth, expanding by 83% and adding around $6.5 billion in value. Tokenized U.S. Treasury products, gold-backed assets, and tokenized public equities have also played significant roles.

The data suggests that tokenization is moving beyond experimental pilots into a more competitive institutional market. Asset managers, fintech platforms, and crypto-native issuers are increasingly using blockchains to represent claims on real-world assets, aiming to improve settlement speed, transparency, transferability, and integration with digital asset infrastructure.