Majority of Tokenized U.S. Treasury Bonds Held by Six Entities

According to PANews, data from RWA.xyz reveals that six entities hold 88% of tokenized U.S. Treasury bonds. BlackRock remains the largest issuer of tokenized assets, with its BUIDL fund valued at $2.5 billion, surpassing its nearest competitor by 360%. The top six funds also include Franklin Templeton's BENJI, valued at $707 million; Superstate's USTB, valued at $661 million; Ondo's USDY, valued at $586 million; Circle's USYC, valued at $487 million; and Ondo's OUSG fund, valued at $424 million. Collectively, these six funds account for 88% of all tokenized Treasury bond issuances.