Sky, Securitize, and Ondo Finance collectively hold $12.3 billion in tokenized real-world assets, representing a combined 27% share of the $44.5 billion tokenized RWA market. This market has grown by more than 1,800% in recent years. Sky, the rebranded MakerDAO protocol, leads with $4.5 billion, followed by Securitize at $4.3 billion and Ondo Finance at $3.5 billion. Securitize went public on the NYSE on July 2, 2026 under the ticker SECZ, raising approximately $400 million through a SPAC merger. Growth is primarily driven by tokenized US Treasuries.
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