Binance Chain has secured a dominant lead in the tokenized U.S. Treasuries market, outpacing competitors like Ethereum. According to data shared by BSCDaily, roughly $2.8 billion in U.S. Treasuries have been tokenized on the BNB chain, creating a gap of about $1.3 billion over the runner-up. Franklin Templeton emerged as the top issuer with over $1.6 billion in tokenized treasuries, surpassing stablecoin giant Circle, which held $1.5 billion. Other notable issuers included WisdomTree and Fidelity, though the latter recorded negative year-to-date growth.
The trend underscores accelerating integration between traditional finance and Web3, with institutional demand for tokenized U.S. assets extending globally. BNB’s appeal may strengthen as its underlying chain capitalizes on this real-world asset (RWA) niche.
In a separate but complementary development, the Binance chain completed its 36th quarterly burn, removing 1.62 million BNB (approximately $925 million) from circulation. This represents about 1.2% of the current supply. While the burn alone may not drastically shift prices, it pairs with the network’s treasury dominance to potentially improve market sentiment. BNB was trading at $571, a 58% discount from its peak of $1,370.55 in October 2025, and remains within a historical consolidation zone, with risks of further downside if broader market conditions worsen.
The combination of a growing tokenized treasury footprint and supply contraction could tilt odds in favor of bulls, though sustained price recovery depends on overall market stability.
