Arbitrum's tokenized market cap has surged to approximately $840 million, marking a threefold increase compared to the same period last year, according to data from Entropy Advisors. The asset composition has notably shifted from being predominantly U.S. Treasury-based to a more diversified portfolio. Currently, it includes $374 million in EU government bonds, $178 million in U.S. Treasuries, $171 million in equities, and $93 million in commodities.