Pantera: 81% of tokenized Treasury value is held, not traded
- —Tokenized asset market reached $321 billion, up 60% from $201 billion in 2024
- —81% of tokenized US Treasury value ($12 billion) is held, not actively traded
- —77.6% of 542 scored assets are wrappers; only 2.7% are native tokens
- —Stablecoins account for $293 billion, or 91.6% of the market, with the top TPI of 2.67
Why it matters: The data shows tokenization has yet to create a liquid secondary market, mostly wrapping traditional assets in blockchain form.
Source: Crypto Briefing