According to Wu, as reported by Blockworks Research, the value of tokenized assets has exceeded 18 billion USD, with private credit and U.S. Treasury securities accounting for 90%. Among them, Provenance Blockchain developed by Figure holds 9.50 billion USD in tokenized assets, all sourced from private credit. Over the past year, the total volume of the tokenized treasury market has grown more than 5 times to approximately 4.60 billion USD, with BlackRock BUIDL recently surpassing Hashnote USDY to become the largest tokenized money market fund. The asset management scale of tokenized institutional alternative funds has exceeded 400 million USD, with Superstate USCC being the fastest-growing fund in the past year.

According to Blockworks Research, the value of tokenized assets has surpassed 18 billion USD, with private credit and U.S. Treasury bonds accounting for 90%. The Provenance Blockchain developed by Figure holds 9.50 billion USD in tokenized assets, all derived from private credit. Over the past year, the total market for tokenized Treasury bonds has grown more than fivefold to approximately 4.60 billion USD, with BlackRock BUIDL recently surpassing Hashnote USDY to become the largest tokenized money market fund. The assets under management of tokenized institutional alternative funds have exceeded 400 million USD, with Superstate USCC being the fastest-growing fund in the past year.

Blockworks Research: The value of tokenized assets exceeds 18 billion USD, with private credit and US Treasury bonds accounting for 90%.