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Pantera Says $321B Tokenization Market Still Sits in Wrapper Phase After 60% Growth
Pantera said the tokenized real-world asset market has grown to $321 billion, but its average maturity score is only 2.04 out of 5. Pantera said 77.6% of 542 scored assets remain in the wrapper tier, while stablecoins account for about 91.6% of tracked value. Pantera said 168 new tokenized assets launched in 2025, up 115% from 2024, but most new products remained in the lowest maturity tier.