BNB Chain Takes Lead in RWA Tokenization, Expert Sees BNB Rally to $1,300

Binance’s BNB Chain is becoming the popular choice for the tokenization of real-world assets (RWAs), across asset classes like gold, treasuries, and equities. The platform has seen greater institutional as well as retail adoption, as BNB coin rallies to fresh all-time highs, eyeing a breakout past $1,000.

BNB Chain Becomes Top Choice for Gold, Treasuries, RWA Tokenization

BNB Chain announced that it has developed a complete real-world asset (RWA) stack. This combines compliant issuance, secondary market liquidity, and DeFi utility within a single ecosystem. As a result, the blockchain platform is already positioned to support tokenization at scale.

The one BNB architecture comprises the BNB Smart Chain for secure, low-cost execution, offering real-time finality. It also includes opBNB for high-throughput rollups and Greenfield for decentralized data storage. The platform caters to both institutions and retail players alike, while hosting some of the top RWA projects in the market.

Circle’s USYC, a tokenized money market fund backed by U.S. Treasuries, expanded to BNB Chain in July. By September, 73% of its $669 million market cap was hosted on BNB Chain, making the network the leading platform for USYC globally.

In addition, Matrixdock’s gold-backed token XAUm recorded $22 million in trading last year. From this, $21 million of that activity occurred on PancakeSwap, the decentralized exchange built on BNB Smart Chain. The project said this demonstrates that BNB Chain is where tokenized gold “actually moves,” reinforcing its position as a liquidity hub for RWAs in DeFi.

Alongside existing traction in tokenized gold and U.S. Treasuries, tokenized equities from Ondo Finance Global Markets and BackedFi are expanding to BNB Chain. This reinforces its role as a leading blockchain for large-scale tokenization, noted Binance.

Expert Eyes BNB Price Rally to $1,300

BNB price rally continues with another 4.23% gain, hitting an all-time high of $995 earlier today. The daily trading volume for the altcoin has surged 12%, with daily trading volume shooting to $3.74 billion. Additionally, the BNB futures data shows strength with open interest surging 10% to more than $2 billion.

Popular crypto analyst Ali Martinez noted that BNB is on track to reach $1,300. A breakout past $1,000 could set the stage for the next leg of the rally for Binance Coin.

Binance founder Changpeng Zhao has called on banks to integrate BNB, following the token’s market value surpassing that of Union Bank of Switzerland (UBS). Zhao said he is open to assisting banks in adopting BNB, highlighting its utility in trading, payments, and blockchain-based applications.