BeInCrypto Institutional Research: 15 Digital Asset Products Driving Crypto Investment
Best Digital Asset Product is a class throughout the BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence throughout 26 classes and 6 pillars.
This class sits beneath Pillar 3: Access to Digital Assets. The 15 merchandise beneath are listed alphabetically by issuer and are usually not ranked. Each entry is anchored on the precise product, not the issuing agency. A shortlist might be named in May 2026, with the winner introduced at Proof of Talk in Paris on June 2–3, 2026.
Key Facts
- Long checklist: 15 merchandise throughout spot crypto ETFs, tokenized MMFs, tokenized treasuries, non-public credit score and PE funds, tokenized equities, bonds, and regional product stacks
- Initial pool: More than 30 companies screened; 15 superior to the lengthy checklist
- Order: Listed alphabetically by issuer, not ranked
- Scoring: 50% quantitative knowledge · 50% Expert Council
- Criteria assessed: AUM, internet flows, product construction, regulatory licensure, multi-jurisdiction footprint, on-chain attain, payment construction, distribution channels, institutional holders, innovation sign
- Data sources: SEC EDGAR, ETF movement trackers, SFC, VARA, FCA, FINMA, BaFin, MAS, MiCA-CASP registers, audited experiences, scores companies, PitchBook, Tracxn, and Crunchbase
| Product / Issuer | HQ & Listing | Reach | Product Structure | Representative Work |
| Apollo Global Management — ACRED | New York · NYSE: APO | $1.026T AUM Six chains reside |
Tokenized non-public credit score fund Apollo Diversified Credit Securitize Fund |
ACRED tokenizes Apollo Diversified Credit Fund by way of Securitize Live on Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana |
| Backed Finance — bCSPX, bIB01, xStocks | Zug, Switzerland FINMA-aligned; Kraken-owned |
$25B+ transaction quantity since June 2025 100 tokenized shares reside |
Tokenized equities and bond merchandise xStocks tokenized fairness suite |
bCSPX tokenizes S&P 500 ETF publicity; bIB01 tokenizes short-term Treasuries xStocks Alliance contains Bybit, Gate.io, KuCoin, Talos, and 360X |
| BlackRock — IBIT, ETHA, BUIDL | New York · NYSE | $14T+ platform AUM IBIT $66.9B; BUIDL $2.5B–$2.85B |
Spot crypto ETFs Tokenized cash market fund |
IBIT turned the quickest ETF to cross $80B AUM BUIDL expanded throughout eight chains |
| Bitwise — BITB, BSOL | San Francisco · NYSE Arca | $11B consumer belongings 40+ funding merchandise |
Spot Bitcoin ETF Solana ETP with staking publicity |
BSOL launched on NYSE Arca in Oct 2025 Built direct SOL publicity with staking rewards goal |
| Fidelity — FBTC, FETH | Boston, USA Fidelity Digital Assets OCC conditional constitution |
$15T+ platform AUA FBTC $13B–$15B AUM |
Spot Bitcoin and Ethereum ETFs Vertically built-in custody mannequin |
FBTC and FETH mix Fidelity asset administration with Fidelity Digital Assets custody Product stack differs from pure ETF issuers by inside custody infrastructure |
| Franklin Templeton — BENJI/FOBXX, EZBC, EZET | San Mateo, CA · NYSE: BEN | $1.74T AUM BENJI deployed throughout 8+ chains |
Tokenized cash market fund Spot Bitcoin and Ethereum ETFs |
FOBXX/BENJI was the primary US-registered fund utilizing public blockchain record-keeping Franklin constructed multi-chain tokenized fund distribution |
| Hamilton Lane — SCOPE, Secondary Fund VI, Direct Equity | Conshohocken, PA · Nasdaq: HLNE | $1T AUM and supervision 780 professionals globally |
Tokenized non-public credit score and personal markets funds Securitize-based entry construction |
SCOPE went multi-chain on Ethereum and Optimism Secondary Fund VI feeder diminished minimums from $5M to $20K |
| Hashnote / Circle — USYC | New York Bermuda-regulated; Cayman fund construction |
$3B+ AUM Largest tokenized MMF globally by AUM |
Tokenized institutional cash market fund Backed by Treasury payments and reverse repos |
USYC overtook BlackRock BUIDL in Jan 2026 Integrated with USDC for twenty-four/7 collateral motion |
| Janus Henderson — JTRSY, JAAA, SPXA | London · NYSE: JHG | $457B AUM 25 workplaces worldwide |
Tokenized treasury and index funds Rated tokenized fund merchandise |
JTRSY acquired S&P AA+f / S1+ ranking SPXA launched on Base as S&P-licensed tokenized index fund |
| KKR — SKHC / HCSG II | New York · NYSE: KKR | $700B+ AUM Underlying HCSG II fund at $4B |
Tokenized non-public fairness fund Avalanche and Securitize construction |
KKR tokenized Health Care Strategic Growth Fund II as SKHC Product stays accessible to certified buyers |
| Ondo Finance — OUSG, USDY, Ondo Global Markets | New York Private firm; ONDO publicly traded |
$1.81B+ platform TVL 265 tokenized securities and ETFs |
Tokenized treasuries, yield merchandise, tokenized securities Multi-chain market entry |
SEC investigation closed with out expenses in late 2025 Ondo Global Markets reached important tokenized shares share |
| OpenEden — TBILL | Singapore BVI feeder fund; BNY-managed |
$260M+ AUM 10x year-on-year progress |
Tokenized US Treasury payments Investment-grade rated product |
First tokenized T-bill product with twin Moody’s and S&P investment-grade scores BNY appointed funding supervisor and custodian |
| OSL — Tokenworks, HK Spot ETF Servicing, Taikang MMF | Hong Kong HKEX-listed dad or mum; SFC-licensed VATP |
Sub-custodian and unique VATP for Hong Kong spot crypto ETFs Supports BTC, ETH, and SOL ETF servicing |
Tokenization platform and ETF servicing stack Hong Kong institutional product infrastructure |
Distributor and custody accomplice for Hong Kong’s first tokenized MMF beneath unit-trust construction Tokenworks serves Tier-1 Hong Kong asset managers |
| Superstate — USTB, USCC, FundOS | New York SEC-registered funding adviser and switch agent |
USTB $967M AUM USCC $267M AUM |
Tokenized US Treasuries and crypto carry fund White-label tokenization infrastructure |
USTB transitioning to Invesco Advisers as funding supervisor FundOS powers Coinbase Asset Management’s CUSHY stablecoin yield fund |
| T. Rowe Price — TKNZ | Baltimore, USA · NYSE: TROW | $1.7T–$1.8T platform AUM ETF pending approval |
Active crypto ETF submitting 5–15 eligible crypto belongings |
TKNZ S-1 filed for lively crypto ETF on NYSE Arca Anchorage Digital Bank named as crypto custodian |
About This List
The BeInCrypto Institutional 100 — Best Digital Asset Product (2026 Long List) identifies named institutional merchandise giving buyers entry to digital belongings. The class covers spot ETFs, ETPs, tokenized cash market funds, tokenized treasuries, tokenized non-public credit score and fairness funds, tokenized securities, and regional product stacks.
Unlike asset supervisor classes, this checklist focuses on the product itself. A agency might seem due to one particular ETF, tokenized fund, treasury product, or built-in product suite that meets the long-list threshold.
Methodology
This class is evaluated beneath Track A of the BeInCrypto Institutional 100 methodology: 50% quantitative knowledge and 50% Expert Council scoring.
Assessment spans AUM and cumulative internet flows, product construction, regulatory licensure, jurisdictional footprint, on-chain attain for tokenized merchandise, payment construction, distribution channels, institutional holder focus, and innovation sign.
Data was verified utilizing SEC EDGAR, ETF movement trackers, SFC, VARA, FCA, FINMA, BaFin, MAS, MiCA-CASP registers, audited experiences, Moody’s tokenized product scores, S&P Global Ratings tokenized fund scores, KBRA/Kroll, PitchBook, Tracxn, and Crunchbase.
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