Tokenized assets with fewer than five holders now make up 13.6% of the market

Tokenized assets held by fewer than five addresses now account for 13.6% of the market, underscoring persistent holder concentration across the sector. The finding highlights liquidity risk, since thinly held tokens can be difficult to trade without moving prices, and raises questions about how decentralized these instruments really are. It matters because tokenization is being pitched to institutional investors as a more accessible and transparent wrapper for real-world assets, and ownership spread is a key test of that claim. Watch whether newer issuances broaden their holder bases or replicate the same concentrated structures, and whether venues respond with liquidity incentives or disclosure requirements.