{"id":127990,"date":"2025-04-25T19:17:17","date_gmt":"2025-04-25T19:17:17","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127990"},"modified":"2025-04-25T19:17:17","modified_gmt":"2025-04-25T19:17:17","slug":"blackrock-five-others-account-for-88-of-all-tokenized-treasury-issuance","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127990","title":{"rendered":"BlackRock, five others account for 88% of all tokenized treasury issuance"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsNew data from RWA.xyz, a platform tracking tokenized real-world assets, shows that six entities are responsible for 88% of all tokenized US Treasurys. The data suggests a concentration among a few funds as the market continues to develop.<br \/>\nThe largest issuer of tokenized treasures continues to be BlackRock. The company&#8217;s tokenized US treasury fund, called BUIDL,  has a market capitalization of $2.5 billion, 360% higher than its nearest competitor. BlackRock disclosed a total of $11.6 trillion in assets under management in the first quarter of 2025.<br \/>\nRounding out the top six are Franklin Templeton\u2019s BENJI, with a market capitalization of $707 million, Superstate\u2019s USTB at $661 million, Ondo\u2019s USDY at $586 million, Circle\u2019s USYC at $487 million, and Ondo\u2019s OUSG fund holding assets worth $424 million. Together, those six funds account for 88% of all tokenized treasuries issued.<br \/>\nA chart of the top six tokenized treasury funds by market cap. Source: RWA.xyzAccording to RWA.xyz data, the largest tokenized treasury funds have seen consolidation since the beginning of 2025. Of the top six funds, only Circle\u2019s USYC experienced a decline in market cap over the past few months.<br \/>\nNotably, BUIDL\u2019s market cap increased by 291% from Jan. 1 to April 24. It now makes up 41.1% of the total tokenized US Treasurys market cap.<br \/>\nTokenized treasury funds market cap over time graph. Source: RWA.xyzCentralization of tokenized RWAs has a dark side: MEXC<br \/>\nAccording to Tracy Jin, chief operating officer of MEXC, the centralization of tokenized real-world assets has a dark side, especially if those RWAs are on permissioned or semi-centralized blockchains.<br \/>\n&#8220;Most tokenized assets will be issued on permissioned or semi-centralized blockchains,\u201d Jin told Cointelegraph. \u201cThis gives authorities the power to issue restrictions or confiscate assets. The tokenization of assets such as real estate or bonds is still tied to the national legal system.&#8221;<br \/>\nThe tokenized real-world asset market is expected to boom in 2025. The trend is driven by regulatory clarity, interoperability, solutions for liquidity, the evolution of identity from physical to digital, and even fractional ownership. According to RWA.xyz, the sector total market cap reached a high of $21.3 billion on April 21.<br \/>\nMagazine: Tokenizing music royalties as NFTs could help the next Taylor Swift<a href=\"https:\/\/cointelegraph.com\/news\/blackrock-five-entities-issue-88-tokenized-treasuries?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsNew data from RWA.xyz, a platform tracking tokenized real-world assets, shows that six entities are responsible for 88% of all tokenized US Treasurys. The data suggests a concentration&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127990"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127990"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127990\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127990"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}