BNB Chain Ascends in Real-World Asset Tokenization, Analyst Predicts BNB Prices Soaring to $1,300
The Binance Smart Chain (BNB Chain) is making waves in the decentralised finance (DeFi) sector, reinforcing its position as a liquidity hub for various real-world assets (RWAs).
Recent developments have seen a surge in the daily trading volume for BNB, with a 12% increase to $3.74 billion. This growth is not limited to the currency alone, as the platform is also witnessing an influx of tokenized assets.
Notable additions include tokenized equities from Ondo Finance Global Markets and BackedFi, which are expanding to BNB Chain. In July, Circle's USYC, a tokenized money market fund backed by U.S. Treasuries, also joined the network.
The BNB price has also seen a significant rally, hitting an all-time high of $995. This surge in value has propelled the BNB Chain's market value to surpass that of the Union Bank of Switzerland (UBS).
Moreover, BNB Chain's architecture, which includes the BNB Smart Chain, opBNB for high-throughput rollups, and Greenfield for decentralised data storage, positions it to support tokenization at scale.
The platform's appeal extends to both institutional and retail players, and it has developed a complete RWA stack for compliant issuance, secondary market liquidity, and DeFi utility within a single ecosystem.
In July, the institution OpenEden launched tokenized U.S. Treasury projects on the BNB Chain with its TBILL product, which received an "A" rating from Moody’s. This product includes the yield-bearing stablecoin USDO and the collateral derivative cUSDO integrated into Binance Banking Triparty.
By September, 73% of USYC's $669 million market cap was hosted on BNB Chain, making the network the leading platform for USYC globally. The project's statement suggests that this demonstrates that BNB Chain is where tokenized gold "actually moves."
The growth of BNB Chain has not gone unnoticed, with Binance founder Changpeng Zhao calling on banks to integrate BNB. Zhao is open to assisting banks in adopting BNB, highlighting its utility in trading, payments, and blockchain-based applications.
Matrixdock's gold-backed token XAUm recorded $22 million in trading last year. This year, popular crypto analyst Ali Martinez predicts BNB to reach $1,300. A breakout past $1,000 could set the stage for the next leg of the rally for Binance Coin.
With its robust infrastructure and growing list of partnerships, BNB Chain is poised to continue its ascent as a leading platform in the DeFi space.
