Recent data shows that tokenized China-linked equities and Exchange-Traded Funds (ETFs) on BNB Chain have exploded in 2026, with Ondo Global Markets’ China basket leading the charge.
Tokenized China Basket Sees Explosive Growth on BNB ChainOndo Global Markets’ basket of tokenized China-linked equities and ETFs on the BNB Chain has seen a remarkable performance year-to-date (YTD), reaching new highs across multiple metrics over the past few months.
The basket tokenizes 11 high-profile Chinese ADRs and common stocks, including Alibaba (BABA), Baidu (BIDU), Bilibili (BILI), Coupons.com (CPNG), Futu (FUTU), JD.com (JD), Li Auto (LI), NIO (NIO), NetEase (NTES), Pinduoduo (PDD), and Trip.com (TCOM). In addition, it contains two China-focused US ETFs, iShares China Large-Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB).
Cumulative holders followed suit, growing 2,200% YTD from 370 to 8,466 holders. Meanwhile, holders’ growth acceleration peaked between January and February during the Bitget Onchain Challenge, Dune noted.
March also marked the basket’s biggest month based on BNB Chain DEX Volume, with $46.7 million, which also accounted for 99% of all-chain China-cluster volume that month. All-time China-cluster DEX volume since launch stands at $150 million, with roughly 93% on BNB Chain.
According to the data, the network now has a 56.9% share of the total EVM (BNB + Ethereum) market cap for the basket, a significant increase from its 0% share in October 2025. It surpassed Ethereum the week of March 9, peaking at 62.7% mid-April.
Since then, the broader tokenized asset market capitalization on the BNB Chain has doubled its value Year-over-Year (YoY), reaching an all-time high (ATH) of $16.6 billion a month ago.
The network’s real-world asset (RWA) ecosystem has exponentially grown over the past year, making it a leading player in the convergence of traditional finance and decentralized infrastructure.
In late 2025, it became the second-largest blockchain by tokenized asset value, sitting only behind Ethereum’s $15.7 billion. Moreover, the ecosystem’s total value increased 228% Quarter-over-Quarter (QoQ) in Q4 2025.
