Standard Chartered Predicts BNB Could Reach $2,775 by 2028

By: crypto ro|2025/05/06 22:45:01

Key Points Standard Chartered estimates BNB could reach $2,775 by 2028, citing its price correlation with BTC and ETH. VanEck has filed for the first U.S.-based spot BNB ETF, which may also involve staking components. BNB currently holds a market cap of $84 billion, with its chain hosting $6 billion in DeFi TVL. Investment bank Standard Chartered projects that BNB, the native token of Binance’s BNB Chain, could rise to $2,775 by the end of 2028, more than four times its current value of around $600. The prediction comes as asset manager VanEck files the first U.S. application to list a BNB-based exchange-traded fund (ETF). The forecast was published in a research report authored by Geoff Kendrick, head of digital asset research at Standard Chartered, who noted BNB’s historical correlation to an equal-weighted basket of bitcoin (BTC) and ether (ETH). “BNB has traded almost exactly in line with an unweighted basket of bitcoin and ether since May 2021 in terms of both returns and volatility,” Kendrick wrote. BNB as a Benchmark Asset? According to Kendrick, BNB could serve as a benchmark token in the digital asset space, owing to its structural ties to Binance’s trading platform and the consistent usage of BNB Chain, which supports decentralized exchanges (DEXs), lending protocols, and liquid staking. He described the chain as a “more concentrated and ‘old-fashioned’ smart contract platform” compared to networks such as Ethereum and Avalanche. At the time of writing, BNB Chain has nearly $6 billion in total value locked (TVL), according to DefiLlama. As of May 5, BNB stakers earn an average yield of around 2.5%, based on data from StakingRewards. VanEck Files for Spot BNB ETF in the U.S. On the regulatory front, VanEck has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to list the first spot ETF holding BNB. According to the S-1 prospectus, the ETF would accumulate BNB tokens and may also stake a portion of its holdings through approved providers to generate yield. The filing represents the first formal attempt by an asset manager to list a BNB ETF in the United States, and it arrives amid rising demand for crypto-based financial instruments. VanEck has previously filed for ETFs tied to other cryptocurrencies, including Solana (SOL) and Avalanche (AVAX). BNB currently has a market capitalization of approximately $84 billion, according to CoinMarketCap data.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins