Crypto -trading company KEYROCK says Onchain Asset Management has a breakout year.
In a new report, the company estimated that assets under management (AUM) have risen 118% in 2025 to $ 35 billion, driven by growth across automated dividends, vault, discretionary strategies, structured products and credit.
Keyrock predicts that the sector could almost double again in 2026 and reach $ 64 billion under a base scenario or as much as $ 85 billion if this year’s growth Momentum continues.
The discretionary strategies were the prominence in 2025, an increase of 738% year to date, as onchain investing develops into a credible alternative to traditional funding, the report said.
Keyrocks report emphasized that three protocols, Morpho, Pendle and Maple, now control 31% of the industry’s AUM, and emphasized both scaling leadership and protocol concentration risk.
Dividends vault remains the most important entry point for allocation who have $ 18 billion in deposits.
While smaller wallets dominate in number, whales and dolphins give the overwhelming majority of liquidity, the report noted, contributing 70% -99% of capital across strategies.
The performance has matured with net return competitive with traditional markets, but no longer uniformly higher, the company said. Automatic yield vault surpassed their tradfi peers by about 186 basic points by fees, while structured products and onchain -credit delayed a little when the costs were incorporated.
Discretic strategies delivered hedge fund -like results with the added benefits of liquidity and transparency, the report added.
The Brussels-based company recently expanded to asset and wealth management with the acquisition of Turing Capital, a Luxembourg-registered fund manager.
Read more: Crypto Trading Firm Keyrock Buyer Luxembourgs Turing Capital in Asset Management Push
