The tokenized real-world assets (RWA) market continues to grow. According to Binance Research, the total RWA market has reached $34.2 billion, up 85% year-to-date.

At the same time, only around 12% of tokenized capital is actually being used in DeFi, suggesting that the next stage of market development will be about more than simply bringing assets on-chain. The focus is shifting toward putting these assets to work through liquidity provision, lending, and collateralization.

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