The Bitcoin treasury development is catching on shortly, with 116 firms now holding 809,000 BTC, in line with Binance Analysis.
Tokenized real-world property (RWA) are having a stellar 12 months.
The sector has grown 260% from $8.6 billion originally of the 12 months to over $23 billion at the moment, in accordance to Binance Analysis’s newest month-to-month market report.
Personal credit score and U.S. Treasury debt account for the overwhelming majority, at 58% and 34%, respectively, totalling 92% in all.
“One of the most notable trends is the explosive growth in the tokenized RWA market,” the report notes. “This reflects not only regulatory progress but also real-world utility, as institutions increasingly explore blockchain-based access to private credit and U.S. Treasury markets. The deeper integration of RWAs with DeFi platforms marks a significant step toward bridging traditional finance and on-chain ecosystems.”
One of many greatest drivers is BlackRock’s BUIDL tokenized Treasury fund, which has grown from $649 million originally of the 12 months to $2.9 billion, a rise of practically 350%.
The tokenized Treasury fund can also be connecting RWAs with decentralized finance (DeFi), with DeFi protocol Euler launching sBUIDL, permitting holders of the staked BUIDL token to borrow USDC or AUSD stablecoins.
One other large winner is Tradable, a ZKSync Period-native protocol launched in January 2025, “which has quickly outpaced competitors with over $2 billion in tokenized assets to date,” Binance mentioned.
“Additionally, Centrifuge and Securitize have introduced tokenized funds on Solana, connecting with established Solana DeFi protocols such as Kamino Finance,” the report mentioned. “The increasing fusion of tokenized RWAs with DeFi not only injects a fresh source of reliable yields into on-chain financial ecosystems but also addresses longstanding concerns about DeFi’s sustainability.”
Company Treasuries Broaden
Company Bitcoin treasuries proceed to develop, with 116 firms now publicly acknowledging that they maintain BTC.
“These companies now hold 809,000 BTC, up from 312,000 BTC a year ago,” the report mentioned.
The development is accelerating, with greater than 25 firms disclosing new BTC holdings over the previous two months.
Latest additions to the section embrace Trump Media, Nakamoto, GameStop and French soccer group Paris Saint-Germain. Nonetheless, the largest by far remains to be Michael Saylor’s technique, which now holds virtually 72% of all company Bitcoin treasury holdings, the report acknowledged.
Whereas some firms are accumulating different cryptocurrencies, together with ETH, SOL, XRP and different non-bitcoin holdings, they continue to be area of interest.
“These strategies carry structural risks,” the report mentioned. “Equity valuations for many firms have become heavily tied to crypto holdings, often trading at significant premiums. As adoption broadens, these premiums are compressing, while newer entrants face additional governance, risk, and liquidity challenges during market stress.”
That mentioned, momentum is robust, it famous, including that Bitwise has projected company treasuries may maintain multiple million BTC by 2026.
