Ethereum Remains Dominant in Tokenized Treasury Market

The market for tokenized U.S. Treasuries has seen rapid growth across blockchains, reaching $15.2 billion by the end of 2026.

Ethereum (ETH) dominates this sector, accounting for roughly 43% of the market with $6.6 billion in tokenized treasuries.

This concentration is due in part to Ethereum's deeper liquidity, which sits alongside $162.4 billion in stablecoins and $578.8 million in euro stablecoins.

The distribution shows institutions are adopting multiple settlement networks rather than relying on one chain.