Binance Research projects tokenized equities could hit $349 billion by 2030

Tokenized stocks are a rounding error today. Binance Research thinks that changes fast. In a report titled “The RWA Activation Era,” published September 18, 2026, the exchange’s research arm projects that tokenized equities could reach approximately $349 billion by 2030 under its base-case scenario. As of September 15, 2026, the on-chain balance stood at $4.43 billion. Three scenarios, one big spread Binance Research laid out three paths for tokenized equities by 2030. The conservative case lands at $61 billion. The base case sits at $349 billion, and the bull case stretches to $987 billion. Tokenized equities currently represent just 0.0029% of the $151.9 trillion listed equity market. The momentum this year has been real, though. Tokenized equities have grown 390.4% year-to-date, according to the report. The report is an update to an earlier Binance Research analysis on real-world asset tokenization published May 15, 2026. The new edition shifts its emphasis in a notable way. From issuance to activation Binance Research argues the market is now moving into a second step: rather than measuring success only by how many assets get tokenized, the report focuses on whether those token...