Pantera Capital Reports 81% of Tokenized Treasuries Remain Held

Tokenized US Treasuries have reached a $12 billion market value, yet secondary market activity remains limited. According to Pantera Capital's Q1 2026 report, 81% of these assets are held rather than traded. The broader tokenized asset market is valued at approximately $321 billion, with stablecoins accounting for 91.6% of that total. Most tokenized assets function as blockchain-based receipts for off-chain holdings, with only 2.7% classified as native tokens.