Tokenized finance is one of cryptocurrency’s most serious growth stories today. But is this just another trend or the basis for something new?
AMBCrypto was previously reported S&P Dow Jones Indices moves iBoxx US Treasury Index on-chain via Canton (CC) Network; This is one of the clearest steps forward. The move comes as tokenized US Treasuries exceed $12.6 billion.
BNB Chain’s tokenized asset market value reaches a record high of $16.6 billion
BNB Chain’s tokenized asset market has expanded over the past year, reaching an all-time high of $16.6 billion! This represents a more than 2x increase on an annual basis, rising from roughly $4 billion to $5 billion by early 2024, according to Token Terminal.
Growth accelerates through 2025; Its market value first rose to over $10 billion and then to over $15 billion. Tether (USDT) still makes up the largest share of the stack, but a broader base is forming among names like USD Coin (USDC) and WLFi’s USD1.
Growth spread beyond top 2
At the time of writing, Tether led the issuances by a large margin with $186.5 billion, while Circle followed with $80.0 billion. However, faster growth is occurring at the bottom of the table.
In the last 30 days, Ondo Finance grew by 36.1%, reaching $3 billion. Similarly, Maple Finance increased by 25.4% to $2.8 billion, and Centrifuge increased by 24.7% to $1.6 billion. Securitize also increased by 14.2% to $2.7 billion.
In contrast, Tether’s growth remained almost flat at -0.1%.
While yield products lead the way, tokenized funds reached $31.9 billion
The tokenized fund market was $31.9 billion at the time of writing. Growth is driven by yield-focused products rather than cash alone.
The largest fund was sUSDS with 6.1 billion dollars, followed by sUSDe with 3.5 billion dollars, USYC with 2.7 billion dollars and BUIDL with 2.4 billion dollars. The next layer also looked significant: syrupUSDC $1.8 billion, JTRSY $1.2 billion and PAPLO $1.1 billion.
It’s not just stablecoins anymore. Revenue-generating on-chain products are scaling rapidly!
Final Summary
- BNB Chain’s tokenized asset market value has doubled on an annual basis, reaching $16.6 billion!
- Tokenized funds rose to $31.9 billion, with yield-generating on-chain products leading the way.
