BlackRock and five other companies account for 88% of the tokenization of government bond issuance.

PANews April 26 news, according to Cointelegraph reports, RWA.xyz data shows that six entities hold 88% of tokenized U.S. Treasury bonds. The largest tokenized wealth issuer remains BlackRock. The company’s tokenized U.S. Treasury bond fund BUIDL has a market capitalization of $2.5 billion, which is 360% higher than its closest competitor. The top six funds also include Franklin Templeton’s BENJI, with a market capitalization of $707 million; Superstate’s USTB, with a market capitalization of $661 million; Ondo’s USDY, with a market capitalization of $586 million; Circle’s USYC, with a market capitalization of $487 million; and Ondo’s OUSG fund, with a market capitalization of $424 million. These six funds together account for 88% of the total issuance of tokenized Treasury bonds.