Pantera says 81% of tokenized U.S. Treasuries are being held, not traded

In a report, Pantera Capital found 81% of asset value in the tokenized U.S. Treasury market, now worth more than $12 billion, is being held rather than traded, according to Crypto Briefing. The report examined 593 tokenized assets across 11 sectors and said the overall tokenized asset market grew 60% to around $321 billion from $201 billion in 2024. It added that 77.6% of the assets assessed were real-world or traditional financial assets wrapped on blockchain networks, while fully onchain-native tokens accounted for just 2.7%. Stablecoins stood at about $293 billion, representing 91.6% of the total market.