Tokenized institutional alternative funds (IAF) surged 47% in the last 30 days, reaching a total value of $1.74 billion, according to recent data. Ethereum dominates this sector with $1 billion, which makes up more than half of the market. Centrifuge spearheaded growth, increasing its market cap by 252% to $704 million, commanding a 40.4% market share in the IAF category. Additionally, Centrifuge boasts around $400 million in tokenized US Treasury products, elevating its total value locked (TVL) to over $1 billion. Securitize follows with $652 million across 14 tokenized IAFs, while Superstate and OnRe hold $206 million and $102 million, respectively. Despite the growth in fund values, data indicates a drop of over 50% in monthly active addresses, suggesting consolidation among institutional investors. New holders of tokenized IAFs increased by 13.5%, indicating long-term confidence in these investment vehicles. Overall, tokenization is gaining traction among traditional financial institutions, enhancing access and transparency in alternative asset classes.

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