Key Takeaways:
BNB Chain added $80.9 million in tokenized ETF value in 30 days, outpacing Solana's $12.5 million gain as issuers favor faster-growing networks.
Data from rwa.xyz shows tokenized US Treasuries reached $15.2 billion across 18 blockchains, with BNB Chain holding a 31.5 percent share behind Ethereum's 43.2 percent. Securitize added $580 million in the last 30 days, versus $105.1 million for JP Morgan and $95.4 million for Franklin Templeton, while Ethereum and Arbitrum recorded net declines of $2.1 million and $4.5 million.
The divergence shows issuers now favor faster-growing ecosystems, and if BNB Chain sustains the pace it could cement its position as a leading tokenization infrastructure, with the active RWA market already grown to between $29 billion and $37 billion.
Institutional capital has flowed to leading issuers rather than spreading evenly across the market. Securitize, backed by nearly $5 billion locked and BlackRock's $3.5 billion BUIDL fund, drew the largest share of new money. BlackRock has deepened the push, launching two tokenized money market funds — BSTBL on Ethereum and BRSRV, a stablecoin-reserve vehicle — after its first tokenized fund BUIDL grew to about $2.5 billion since its 2024 launch, per The Next Web.
The concentration reflects institutions valuing scale, liquidity, and operational maturity when allocating capital on-chain. If the trend holds, tokenized treasuries could remain the primary route for institutions to adopt real-world assets.
Rather than concentrating capital in one segment, institutions are branching into additional asset classes. Equity and ETF tokens now total about $1.9 billion, while private credit and commodities are gaining interest. The active RWA market has grown to between $29 billion and $37 billion, up from about $2 billion in 2024.
Broader participation suggests institutions increasingly treat tokenization as financial infrastructure rather than a niche experiment. The US GENIUS Act, passed about a year ago, set rules for how stablecoins must be backed, giving asset managers cover to move reserves on-chain. For BNB Chain, sustaining issuance momentum could strengthen its infrastructure position, while competing networks such as Ethereum and Arbitrum may need fresh issuance activity to reclaim market share.
This article is for informational purposes only and does not constitute investment advice.
