Tokenized real-world assets held by fewer than five addresses account for about $7 billion, or 13.6% of the market, compared with 6.4% a year earlier. The market, estimated at between $46 billion and $60 billion in mid-to-late 2026, is highly concentrated, with 62 assets representing roughly 88% of its value and five products making up nearly half. Tokenized U.S. Treasury and credit funds dominate the rankings, while several products valued at more than $100 million are held by just one address. Among assets worth more than $100,000, 56% recorded no weekly transfers, indicating limited liquidity and primarily institutional or custodial use.
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