Dune Report: RWA Market Hits $34.5 Billion, Tokenized Stock Investors Favor Individual Equities

A report by Dune Analytics reveals that the real-world asset (RWA) market reached $34.5 billion by August 31, marking a 140% year-over-year increase. Unlike traditional finance, where ETFs dominate, 81% of the tokenized stock market consists of individual company shares, with ETFs accounting for only 19%. Ondo Finance's Armand Khatri noted that tokenization empowers investors to bypass traditional intermediaries and select specific assets directly. While cash equivalents remain the largest segment by value, tokenized stocks show the highest trading activity. Binance Research estimates the tokenized stock market could reach $349 billion by 2030, supported by emerging regulatory frameworks like the SEC's recent temporary exemptions for on-chain trading.