According to the latest research, the tokenized treasury market is experiencing interesting developments:

🏆 BlackRock's BUIDL remains in the lead with a market share of 33%, affirming its status as a "giant".

🌱 Diversification trend: Competitors like Franklin Templeton, $ONDO , and Circle are gradually expanding their market share.

CURRENT CHALLENGES:

Access limitation: Mainly reserved for Qualified Purchasers.

Liquidity: The buyback/sellout time still follows traditional hours.

Spread costs: Exchanges apply a level of ~10%, much higher than ~2% in the traditional repo market.

Source: Cointelegraph Research