Crypto Super-Apps Could Unlock $2T in Equity Flows by 2031

Binance’s tokenized stock trading is almost entirely an emerging-markets business. According to a Binance Research report, 93% of the volumes come from those economies, a distribution that closely tracks the path of global stablecoin adoption.

Tokenized stocks and ETFs let native crypto users trade U.S. equity markets on blockchain rails. The U.S. equity market is roughly $80 trillion, about half the total global market capitalization, the report said. Yet 82% of the world’s population lacks access to that market. In China and India, which together hold a third of the global population, participation rates sit below 20%.

Binance’s report also found that crypto platforms have removed brokerage barriers that once limited access to U.S. equities. That parallels the stablecoin explosion in emerging markets, where demand for dollar hedging grew against local currency volatility.

So-called crypto super-apps now let users consolidate crypto and equities on a single platform. Coinbase, Binance, Gemini, and Hyperliquid are all chasing that vision, the report noted. The prize: potentially 300 million new users and $2 trillion in capital inflows.

Binance Research projects that by 2031, crypto exchanges could collectively funnel $2 trillion in incremental capital into global equity markets in the base case. A bullish scenario puts the figure at $5 trillion, with close to 300 million new stock users coming from emerging markets.

The optimism comes with caveats. Tokenized asset perpetuals – RWA perps – have seen more explosive demand than spot products. That means users taking RWA perpetual positions can face swift liquidation and must manage volatility. Not all tokenized stocks are equal, either. Some offerings may not pass dividends through to holders the same way traditional equities do.

There is also an ongoing crackdown on crypto exchange capital flows, especially across Africa. Some users could find their equity investments and cash flows locked up by governments.

For users exploring these products, platforms that already support tokenized stock trading are available. A list of best crypto brokers includes those with established tokenized equity and ETF offerings.

The report’s base case assumes the shift begins within the next 12 to 18 months. Whether the infrastructure and regulatory environment can support $2 trillion of additional demand remains an open question.