88% of Tokenized Treasury Issuances are Held by Six Entities including BlackRock

According to ChainCatcher and reported by Cointelegraph, data from RWA.xyz 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. Treasuries fund, BUIDL, has a market cap of $2.5 billion, 360% higher than its nearest 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;
• Ondo's OUSG fund, with a market cap of $424 million.

Together, these six funds account for 88% of all tokenized treasury issuances.