CZ Admits Underestimating RWA Growth as Tokenized Assets Near $39 Billion

Binance co-founder Changpeng Zhao (CZ) has acknowledged that he underestimated the growth of real-world asset tokenization as on-chain assets approach a $39 billion market value.

CZ said during a Binance Clubhouse Bali 2026 community Q&A published August 23 that until about a year and a half ago, he did not expect RWA to grow to such a large scale. However, with traditional financial instruments increasingly moving onto blockchain networks, CZ now sees the benefits of tokenization, including 24/7 trading, transparency, lower fees, and global access.

RWA.xyz recorded $38.35 billion in distributed real-world assets on-chain as of August 28, excluding stablecoins, representing a 1.54% increase over 30 days. Nearly 3 million wallets now hold distributed RWAs, reflecting a 104% monthly increase.