Experts predict the next phase of digital treasuries will move beyond cryptocurrencies to include stablecoins, tokenized treasuries, and real-world assets as companies seek yield and transparency.
Digital Treasuries Enter a New Phase
Crypto treasuries — once known as static Bitcoin and Ether vaults — are entering a transformative stage. Industry leaders say the future of digital asset treasuries (DATs) will involve tokenized real-world assets (RWAs), stablecoins, and yield-generating instruments, reshaping how companies manage balance sheets.
“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, CEO of FG Nexus. “The lines between a treasury and a protocol balance sheet are already blurring.”
An October report by Bitwise revealed that 48 new companies added Bitcoin to their balance sheets in Q3 alone — a sign that crypto-based treasury management is rapidly expanding.
From Speculation to Strategy
Industry participants believe treasuries are shifting from speculative storage toward strategic allocation.
“The next wave of adoption will include assets that tie blockchain participation to tangible output — such as renewable energy or carbon reduction,” said Sandro Gonzalez, co-founder of KWARXS, a project linking solar infrastructure to blockchain systems.
This approach could redefine how organizations view balance sheets — not just as stores of value, but as instruments of measurable economic activity.
Tokenized Assets Take Center Stage
According to Brian Huang, CEO of Glider, the future of treasury holdings depends on what can exist onchain.
“On-chain stocks and tokenized RWAs are the most obvious things to include,” Huang explained. “Gold has surged this year, and it’s easier to hold tokenized gold than physical.”
He added that illiquid investments like NFTs and tokenized real estate could also play a growing role as blockchain adoption expands.
John Hallahan, Director of Business Solutions at Fireblocks, predicts stablecoins, tokenized money market funds, and tokenized U.S. Treasuries will dominate the next wave of digital treasuries.
“Longer term, we’ll see many more types of securities issued onchain — from corporate debt to physical assets like real estate,” Hallahan said.
Regulation and Risk Will Shape Adoption
Experts caution that accounting standards and regulation will determine which tokenized assets become mainstream.
“A Bitcoin or Ethereum holding is straightforward for auditors,” said Marcin Kazmierczak, co-founder of RedStone. “But an NFT or illiquid token poses valuation and liquidity risks that boards can’t easily justify.”
Kazmierczak added that while tokenized bonds and commodities could gain traction, non-yielding Web3 assets may remain confined to crypto-native firms.
As tokenization and regulation evolve, corporate treasuries are expected to transition from single-asset “one trick ponies” into diversified digital ecosystems — blending crypto, stablecoins, and real-world assets into an auditable, yield-bearing future.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.