⭐ The six giants control 88% of the market, and the tokenization of U.S. Treasuries is highly concentrated!


The latest data shows that the tokenized U.S. Treasury market is highly concentrated, with six leading entities holding 88% of the total issuance. Among them, BlackRock firmly holds the top position in the industry, with its tokenized U.S. Treasury fund BUIDL reaching a market value of $2.5 billion, significantly leading the market with a 360% advantage over the second place.
The five major funds that follow are: Franklin Templeton's BENJI, with a market value of $707 million; Superstate's USTB, with a market value of $661 million; Ondo's USDY, with a market value of $586 million; Circle's USYC, with a market value of $487 million; and Ondo's OUSG fund, with a market value of $424 million. The total market value of these six major funds constitutes the absolute main force in the tokenized government bond market, profoundly influencing the direction of industry development.
BTC1,33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)