Six Entities Dominate Tokenized U.S. Treasuries

Just six players control 88% of all tokenized U.S. Treasuries, according to the latest data.

Leading the pack is BlackRock’s BUIDL fund, holding approximately $2.5 billion.

Other major holders include:

Franklin Templeton’s BENJI: $707 million

Superstate’s USTB: $661 million

Ondo’s USDY: $586 million

Circle’s USYC: $487 million

Ondo’s OUSG: $424 million