A new report from Dune Analytics reveals that tokenized markets are not simply replicas of traditional markets, showcasing unique trading patterns across various asset classes. As of August 31, the total value of tokenized real-world assets (RWAs) reached $34.5 billion, reflecting a remarkable growth of over 140% year-on-year.
The study emphasizes the differences particularly in equities, where single stocks dominate, accounting for 81% of the tokenized equity spot supply, while exchange-traded funds (ETFs) represent only 19%. This shift allows investors more autonomy in asset selection, reducing reliance on local intermediaries.
According to Armand Khatri, head of ecosystem at Ondo Finance, tokenization empowers investors to choose between single-company exposure and index investments, enhancing their control over portfolios.
Despite the growth in tokenized equities, they still represent a small fraction of the global market. Binance Research estimates the tokenized equity market at $4.43 billion, which is just 0.0029% of the $151.9 trillion global listed-equity market.
Looking ahead, Binance projects that tokenized equities could reach approximately $349 billion by 2030. Recent regulatory developments, including a temporary exemption from the U.S. Securities and Exchange Commission for on-chain trading of tokenized U.S. stocks, may further facilitate this market's expansion.