In 2026, the trading of tokenized equities and funds linked to China has experienced significant growth on the BNB Chain, especially with the notable performance of Ondo Global Markets’ tokenized China basket.
Remarkable Surge in Tokenized China Basket on BNB Chain
The Ondo Global Markets basket that comprises tokenized Chinese equities and Exchange-Traded Funds (ETFs) has demonstrated impressive growth recently. Year-to-date (YTD), it has achieved record highs across various key metrics.
This basket includes 11 prominent Chinese American Depositary Receipts (ADRs) and common stocks, which feature well-known names such as Alibaba (BABA), Baidu (BIDU), Bilibili (BILI), Futu (FUTU), and NIO (NIO). Additionally, the basket incorporates two significant China-focused ETFs: the iShares China Large-Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB).
According to data from Dune, the market capitalization of the basket on the BNB Chain has skyrocketed by 2,850% YTD, ascending from $316,000 at the start of the year to approximately $9.3 million by early May 2026.
Notable spikes in market capitalization occurred in early March, showcasing Week-over-Week increases of 27%, 29%, and 38% between March 2 and March 16, with a peak market cap of $11.1 million in mid-April.
The number of cumulative holders has also increased significantly, rising by 2,200% this year, from 370 to 8,466. This growth rate peaked during the Bitget Onchain Challenge between January and February.
March was a standout month for trading activity, with the basket accounting for $46.7 million in decentralized exchange (DEX) volume, which represented 99% of the entire China-cluster volume for that period. The total DEX volume for the China cluster since its inception has reached $150 million, with roughly 93% occurring on the BNB Chain.
Currently, BNB Chain holds a commanding 56.9% share of the total ethereum virtual machine (EVM) market capitalization for this basket, a remarkable rise from its 0% share recorded in October 2025. The network even surpassed Ethereum during the week of March 9, peaking at 62.7% in mid-April.
BNB Chain Approaches Significant Milestone in Real-World Asset Ecosystem
In late October, Ondo Finance partnered with BNB Chain to enhance the expansion of Ondo Global Markets, aiming to increase the scale of tokenized stocks and ETFs available on the blockchain.
Since this initiative, the overall market capitalization of tokenized assets on the BNB Chain has doubled on a Year-over-Year (YoY) basis, reaching a record high of $16.6 billion recently.
The ecosystem focused on real-world assets (RWAs) has experienced exponential growth, solidifying BNB Chain’s position as a major player in bridging traditional finance with decentralized systems.
As of late 2025, BNB Chain was ranked as the second-largest blockchain by the value of tokenized assets, following Ethereum, which held $15.7 billion. Furthermore, the total value of assets within this ecosystem surged by 228% Quarter-over-Quarter (QoQ) in the fourth quarter of 2025.
Data from RWA.xyz indicates that BNB Chain’s total asset value now stands at approximately $3.96 billion, reflecting a 12% increase in the past month and a 32% rise since reaching the $3 billion mark in early March. The network is on track to hit a new milestone of 50,000 asset holders, currently at 49,352, denoting a 14.6% monthly rise and a remarkable 460% increase YTD.
This surge in the ecosystem is largely attributed to significant institutional offerings in tokenized assets, which provide investors with seamless access to top market products, including innovations from Circle, BlackRock, Franklin Templeton, and Matrixdock.
