Market Size Gap Indicates Expansion Potential
Grayscale emphasizes that U.S. Treasury securities lead the tokenized asset space, valued at approximately $15 billion, followed by commodities at around $5 billion. Smaller segments include private credit, funds, and equities, which are gradually developing.
Zach Pandl and Will Ogden Moore state that the global securities market is likely to eventually shift to blockchain infrastructure. The report notes, “Over time, we believe that the securities market valued at approximately $300 trillion, along with assets like real estate, will migrate on-chain.” Therefore, the company views tokenization as a structural transformation of capital markets.
Canton Leads, Ethereum and Solana Gradually Expand
Grayscale identifies Canton as the dominant network for tokenized assets, valued at around $390 billion, holding a significant share of on-chain real-world assets. The report notably points out that this leading position is closely tied to Canton’s institutional focus and built-in privacy features, which align with the requirements of traditional finance.
Infrastructure and Supporting Networks Under Scrutiny
Tokenized assets total approximately $30 billion, representing a minuscule share of the global securities market valued at around $300 trillion. As such, researchers describe this gap as a massive growth opportunity for future adoption. They add that currently, only about 0.01% of stocks and bonds exist on-chain.
