Ondo Finance remains top tokenized ETF issuer as BNB Chain leads network growth

Ondo Finance continues to be the largest issuer of tokenized exchange‑traded funds (ETFs) by market capitalization, according to data from Token Terminal. The company retained its lead despite recent leadership changes, with founder Nathan Allman departing and Ian De Bode taking over as CEO, and market sentiment remaining optimistic.

On the blockchain side, BNB Chain recorded the strongest growth in tokenized ETF value over the past 30 days, adding about $80.9 million, far outpacing Solana’s $12.5 million and the declines seen on Ethereum and Arbitrum. This surge highlights increasing competition among blockchain networks for tokenized asset issuance, as issuers favor faster‑growing ecosystems. Institutional capital continues to flow toward established players such as Securitize, BlackRock and other large providers, reinforcing the importance of scale and liquidity in the emerging tokenized treasury market.