Tokenized funds reach $35B market cap, led by Ethereum's $17B

Stellar: Stellar is a blockchain network built for efficient cross-border payments and institutional asset issuance. It hosts tokenized funds from asset managers such as Franklin Templeton and new institutional products like the SWEEP liquidity fund from State Street and Galaxy. Recent protocol upgrades have improved throughput to accommodate growing tokenized asset activity. Ethereum: Ethereum is a leading smart contract blockchain platform that supports decentralized applications and on-chain financial infrastructure. It serves as the primary venue for institutional tokenization of real-world assets, including funds from managers such as BlackRock and JPMorgan. Recent activity includes native on-chain issuance of authorized funds and integration with traditional finance providers for settlements and governance. BNB Chain: BNB Chain is a scalable blockchain ecosystem optimized for high-throughput DeFi and asset tokenization use cases. It has attracted tokenized treasury, bond, and equity products from issuers including OpenEden and partnerships with traditional finance entities like CMB International. This supports its role in expanding tokenized real-world asset offerings across equities and money market instruments. Adoption: Institutional asset managers are increasingly launching native tokenized funds directly on leading blockchains. Infrastructure: Major blockchains continue to upgrade protocols to better support tokenized real-world asset issuance and management.