Binance Research's "The Age of RWA Activation" report indicates that as of September 15, 2026, the size of on-chain Real World Assets (RWA) has reached $34.18 billion, marking an 85.2% year-to-date increase. Bonds and money market funds dominate with $18.29 billion, while tokenized equities have seen a 390.4% year-to-date growth; these two asset classes collectively account for over three-quarters of the newly added market value. The report estimates that currently only about 0.01% of underlying assets are tokenized, and approximately 12% of on-chain RWA value is deployed in liquidity pools, lending, and collateral markets.