DeFi· ★★★· neutral·

Toss Insight: tokenized asset market hits $39.1B, with Treasuries and credit products at 61%

  • —Tokenized asset market stands at about $39.1 billion as of early September
  • —US Treasuries, MMFs and corporate credit make up 61% of the market
  • —Many tokenized US equities give price exposure rather than actual share ownership
  • —Coinbase offers lending through external DeFi service Morpho
Why it matters: Tokenization's growth and DeFi's integration with traditional finance strengthen the role of banks and brokers as intermediaries, but raise smart-contract and third-party operational risks.
Source: Digital Today
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