BNB Chain's tokenized asset market has reached a record high of $16.6 billion, more than doubling year-over-year from approximately $4 billion to $5 billion in early 2024. This growth accelerated through 2025, surpassing $10 billion and then $15 billion. Tether remains the largest component, but other assets like USD Coin and WLFi's USD1 are gaining traction. The tokenized funds market has also expanded, reaching $31.9 billion, driven by yield-oriented products rather than just stablecoins. The largest fund, sUSDS, stands at $6.1 billion, followed by sUSDe at $3.5 billion and USYC at $2.7 billion. This shift indicates a growing interest in income-bearing on-chain products.