Tokenized Assets With Fewer Than Five Holders Now Account for 13.6% of Market
Key Highlights: The non-stablecoin real-world asset (RWA) market stands between $46 billion and $60 billion, yet just five products account for nearly half of its total value. Major institutional offerings exhibit tiny cap tables, with Circle’s $2.96 billion USYC held by only 44 addresses and multiple $100 million-plus assets held by a single address. Secondary ...
