BlackRock and six other entities account for 88% of tokenized Treasury issuance

Odaily News RWA.xyz data shows that six entities hold 88% of tokenized U.S. Treasuries. The largest issuer of tokenized wealth remains BlackRock. The company's tokenized U.S. Treasury fund BUIDL has a market cap of $2.5 billion, 360% higher than its closest competitor. The top six funds also include Franklin Templeton's BENJI, with a market cap of $707 million; Superstate's USTB, with a market cap of $661 million; Ondo's USDY, with a market cap of $586 million; Circle's USYC, with a market cap of $487 million; and Ondo's OUSG fund, with a market cap of $424 million. Together, these six funds account for 88% of all tokenized Treasury issuance. (Cointelegraph)