BlackRock Dominates Tokenized US Treasuries Market, Concentration Raises Concerns

New data reveals that BlackRock and five other entities account for an overwhelming 88% of all tokenized US Treasury issuance. This dominance suggests a concentration within the rapidly developing market space. RWA.xyz, a platform tracking tokenized real-world assets, analyzed key trends in this sector, revealing significant shifts since the start of 2025. Notably, BlackRock’s BUIDL fund has seen dramatic growth, surpassing its nearest competitor by a considerable margin.