BlockBeats News, March 1 — Wojciech Kaszycki, Chief Strategy Officer of BTCS, stated that as the crypto market continues to be sluggish, a wave of consolidation among crypto treasury companies may occur by 2026. Currently, many companies’ stock prices have fallen below the net asset value (NAV) of their crypto holdings, trading at a discount.
Kaszycki pointed out that treasury companies with actual operating businesses—such as blockchain validator services and providing public and private credit tools—have cash flow advantages and are more capable of acquiring companies that only hold crypto assets but lack operational income. He said, “In this market, many companies trading below NAV are struggling. If consolidation occurs, sometimes ‘2+2’ could equal 6, allowing for faster success.”
Additionally, he believes that tokenization of real-world assets (RWA), especially on-chain public and private credit assets, will see significant growth within the next 24 months. These tokenized credit instruments can serve as collateral on DeFi platforms for lending and other scenarios, becoming a potential revenue source for treasury companies.
Currently, the world’s largest Bitcoin treasury company, Strategy, also offers credit-like and fixed-income instruments to investors, which is one of the key reasons it was included in the MSCI index system.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sony Bank Partners with JPYC to On-Chain Japanese Yen: Use Stablecoins to Buy PlayStation Games and Watch Crunchyroll Animations More Conveniently
Japan's Sony Bank and Japanese yen stablecoin issuer JPYC have signed a memorandum of understanding to enable users to purchase stablecoins instantly through bank accounts and explore payment integration with entertainment IPs, creating a complete closed loop from fiat currency to on-chain consumption and redefining the flow of value within their ecosystem.
動區BlockTempo41m ago
PHA (Phala Network) increased by 20.00% in the last 24 hours
Gate News Bot Message, March 03, According to CoinMarketCap data, as of press time, PHA (Phala Network) is trading at $0.03, up 20.00% in the past 24 hours, reaching a high of $0.03 and a low of $0.02. The current market capitalization is approximately $22.22 million, an increase of $3.7 million from yesterday.
Phala Network is a next-generation confidential AI cloud computing platform dedicated to providing verifiable AI services with hardware-level security protection for enterprises. The platform offers products such as confidential virtual machines, confidential AI models, GPU TEE, and more, supporting the deployment of TEE-protected confidential AI models within minutes.
Phala collaborates with NVIDIA, OpenRouter, OODA, PublicAI, Nea
GateNews1h ago
Boros' total nominal trading volume surpasses $12 billion, launching capital fee rate arbitrage functionality
Since its launch in August 2025, Boros, Pendle's funding rate trading platform, has experienced rapid growth, with trading volume surpassing $12 billion within 7 months. Its newly launched funding rate arbitrage feature helps users lock in yields and hedge against fee volatility risks, with recent gold market yields reaching as high as 21%. Meanwhile, Pendle's V2 product has also added Ripple and PayPal stablecoins.
GateNews1h ago
Hong Kong Securities and Futures Commission approves two major RWA projects in a row for 7 days. How can traditional enterprises seize the 2026 compliance benefits?
Written by: Lulu
At the start of 2026, the Hong Kong Securities and Futures Commission (SFC) made a series of major moves in the compliant digital asset space, directly reshaping the industry landscape of RWA (Real-World Asset Tokenization).
On February 23, the SFC announced that it had granted a license to Esperanza Securities, a subsidiary of Yisheng Financial Technology, on February 13, allowing them to conduct compliant tokenized securities business for entertainment assets—such as the 40th anniversary Red Pavilion concert of Huang Kaichen, and offline entertainment assets like the Korean boy band Malaysia tour—officially bringing these into the regulated digital securities issuance category. Qualified investors can participate in concert investments by purchasing security tokens in small shares, sharing in industry dividends.
Just one day later, on February 26, Delin Holdings issued a notice that its Central Hong Kong Delin Building and other real estate RWA projects had been...
TechubNews2h ago
Sony Bank partners with Japanese Yen stablecoin JPYC, allowing users to purchase JPYC directly from their bank accounts.
JPYC signs a strategic cooperation agreement with Sony Bank to utilize the Japanese Yen stablecoin JPYC for services. The two parties will explore providing real-time account transfer functions on the "JPYC EX" platform and plan to collaborate with entertainment sectors such as music and gaming to enhance the payment experience and fan interaction.
GateNews2h ago
Monad integrates cbBTC to unlock $5 billion worth of Bitcoin DeFi potential
Chainlink CCIP has completed the cross-chain bridging of Coinbase's wrapped Bitcoin token cbBTC, allowing over $5 billion in assets to enter the Monad DeFi ecosystem. This marks Bitcoin's transition from "hold-only, no use" to "on-chain yield asset," accelerating its liquidity options within DeFi.
MarketWhisper2h ago
