Pantera Capital's latest report reveals that the global market capitalization of tokenized real-world assets has reached approximately $321 billion, encompassing 542 assets. The report highlights that 77.6% of these assets are at a low maturity level, with only 2.7% being natively on-chain. The average on-chain maturity score stands at 2.04 out of 5. The report projects significant growth in the tokenized asset market, with 168 new assets expected in 2025, marking a 115% increase from 2024. The overall market capitalization is anticipated to rise from $200.6 billion to $321 billion, a 60% increase. Stablecoins dominate the market, accounting for 91.6% of the total value, approximately $293 billion, underscoring their leading role in scale and on-chain utility.