Svmuu News: Wojciech Kaszycki, Chief Strategy Officer at BTCS, stated that amid the ongoing market downturn, crypto treasury firms may see a trend toward consolidation in 2026. He noted that some companies are currently trading at a discount, with their stock prices below the net asset value (NAV) of their crypto holdings.Kaszycki believes that companies with actual operational businesses—such as blockchain validator services or public and private credit products—are better positioned to acquire firms that hold only crypto assets but lack operating revenue, as they possess cash flow.Additionally, he mentioned that the tokenization of real-world assets (RWAs)—particularly the on-chain integration of public and private credit assets—could see significant growth over the next 24 months and may become a potential revenue source for crypto treasury firms.He also noted that Strategy, the world’s largest “Bitcoin” firm, offers credit-like and fixed-income instruments to investors, citing this as a key argument for its inclusion in the MSCI index system. (Cointelegraph)