BlackRock and Five Other Entities Account for 88% of Tokenized Treasury Issuance

Data from RWA.xyz shows that six entities hold 88% of tokenized U.S. Treasury bonds. The largest tokenized wealth issuer remains BlackRock. The company's tokenized U.S. Treasury fund, BUIDL, has a market value of $2.5 billion, 360% higher than its closest competitor. The top six funds also include Franklin Templeton's BENJI, with a market value of $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. These six funds collectively account for 88% of all tokenized Treasury issuance. (Cointelegraph)