#TariffsPause

According to RWA data, six organizations own 88% of tokenized U.S. Treasury bonds. The largest issuer of tokenized wealth remains BlackRock. The market value of the tokenized U.S. Treasury bond fund by BUIDL is $2.5 billion, which is 360% higher than that of the nearest competitor. The top six funds also include BENJI from Franklin Dampson with a market value of $707 million; USTB from Superstate with a market value of $661 million; USDY from Ondo with a market value of $586 million; USYC from Circle with a market value of $487 million; and the OUSG fund from Ondo with a market value of $424 million. These six funds together account for 88% of all tokenized government bond issuances.