Tokenized Institutional Alternative Funds Surge 47% to $1.74B
Tokenized institutional alternative funds (IAF) increased by 47% in 30 days, reaching a total value of $1.74 billion. Centrifuge led the growth with a 252% market cap increase to $704 million, capturing a 40.4% market share. Centrifuge also holds nearly $400 million in tokenized US Treasury products, surpassing the $1 billion total value locked (TVL) milestone alongside BlackRock’s BUIDL fund and Ondo Finance. Securitize follows with $652 million across 14 tokenized IAFs, representing 37.5% of the market. Other notable protocols include Superstate at $206 million and OnRe at $102 million. Despite the value increase, monthly active addresses dropped over 50% to 21,867, while holders rose by 13.5% to 114,922, indicating consolidation among investors. Ethereum remains the leading blockchain for tokenized IAFs with $1 billion in total value, followed by Mantle and ZKsync Era at $218.8 million and $214.8 million, respectively.
