Pantera Calls Today’s $321B RWA Market a Transitional Layer, Not True Onchain Finance - Crypto Economy
Pantera says the $321B tokenization market has grown fast but remains mostly wrapper-based, not true onchain finance.
➤ Pantera Capital assesses the $321B tokenization market as a transitional phase, with 77.6% of assets being 'wrappers' of offchain products rather than true onchain finance. ➤ The firm's Tokenization Progress Index shows an average onchain maturity of 2 out of 5, indicating a lack of deep transformation despite market growth. ➤ True onchain finance requires programmable compliance, autonomous collateral management, and embedded governance, which are currently lacking in most tokenized assets, with stablecoins dominating the market value.