Tokenized assets on public blockchains are nearing the $300 billion mark, driven by institutional adoption and the growth of stablecoins. BlackRock and Franklin Templeton lead the charge in tokenized U.S. Treasuries, highlighting the convergence of traditional finance and blockchain infrastructure.
- Tokenized U.S. Treasuries now exceed $7.3 billion, with BlackRock’s BUIDL fund as the largest issuer.
- Stablecoins dominate the tokenized asset landscape, representing $267 billion of the total $293 billion market.
- Institutional adoption is driving tokenization beyond pilot programs, with banks and custodians exploring on-chain settlement efficiency.
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