Tokenized assets with fewer than five holders now make up 13.6% of the market

Roughly $7 billion in tokenized real-world assets sits with a handful of wallets, more than double last year's share Tokenization was supposed to open up finance to everyone. A growing slice of it is instead being held by almost no one. Assets with fewer than five holders now account for 13.6% of the tokenized asset market, approximately $7 billion in value. A year ago, that share was 6.4%. The figures cover tokenized real-world assets (RWAs), excluding stablecoins. Think of RWAs as traditional financial products, such as Treasury funds or credit instruments, recorded on a blockchain instead of a conventional ledger. That non-stablecoin market is estimated at somewhere between about $46 billion and about $60 billion as of mid-to-late 2026.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.