@PanteraCapital The tokenized asset market hit new highs in 2025. Every major bank now has a Head of Digital Assets.
But how much of today’s momentum is real on-chain infrastructure — versus flashy headlines and distribution wrapped in new rails?
Proud to launch Pantera's Tokenization Portal and Q1 Report with @0xallyzach@FranklinBi!
The biggest surprise from our study of the $320B market: Most tokenized assets are still Wrappers — by design, not by accident.