‘One trick pony’ crypto treasuries may soon face a wave of new rivals
Stablecoins, tokenized money market funds and tokenized treasuries could become a common treasury asset in the future, Fireblocks’ John Hallahan told Cointelegraph.
Digital asset treasuries will soon evolve beyond being “static vaults” for well-known cryptocurrencies and instead look to offer tokenized real-world assets, stablecoins and other assets that generate yield, according to crypto executives.
“The next phase of Web3 treasuries is about turning balance sheets into active networks that can stake, restake, lend, or tokenize capital under transparent, auditable conditions,” said Maja Vujinovic, the CEO of Ether (ETH) treasury company FG Nexus.
The number of crypto treasuries has exploded this year, with an October report from asset manager Bitwise tracking 48 new instances of Bitcoin (BTC) being added to balance sheets in the third quarter.
