{"id":78647,"date":"2026-05-07T10:30:54","date_gmt":"2026-05-07T10:30:54","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1293070"},"modified":"2026-05-07T10:30:54","modified_gmt":"2026-05-07T10:30:54","slug":"pantera-says-tokenization-is-still-in-early-wrapper-phase","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/pantera-says-tokenization-is-still-in-early-wrapper-phase\/","title":{"rendered":"Pantera Says Tokenization Is Still in Early Wrapper Phase"},"content":{"rendered":"<p> <img loading=\"lazy\" width=\"1080\" height=\"750\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Stablecoins en France : entre monnaie et actif num\u00e9rique\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin.jpg 1080w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-300x208.jpg 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-768x533.jpg 768w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-150x104.jpg 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-450x313.jpg 450w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<ul>\n<li><strong>Pantera says the tokenization market has grown to $321 billion, but remains structurally immature.<\/strong><\/li>\n<li><strong>Its Tokenization Progress Index found most tokenized assets still operate as wrappers around traditional financial products.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Pantera says <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/what-is-tokenisation-a-complete-asset-digitalisation-guide\/\">tokenization<\/a> is growing fast, but not yet becoming the financial redesign many in crypto expected.<\/p>\n<h2>Most tokenized assets are still wrappers<\/h2>\n<p>The crypto asset manager analyzed 542 tokenized assets across 11 asset classes using its Tokenization Progress Index, a framework that scores issuance, transferability and composability from 1 to 5.<\/p>\n<p>The average score was just 2.04. That matters. According to <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/panteracapital.com\/wp-content\/uploads\/2026\/05\/State-of-Tokenization-Q1-2026-Pantera-Capital.pdf\">Pantera<\/a>, roughly 77.6% of tracked assets sit in the \u201cwrapper\u201d tier, meaning they mostly reproduce traditional financial products onchain without fundamentally changing how those products work. Another 11.1% qualify as hybrid, while only 2.7% reach the native tier.<\/p>\n<p>Pantera described the current phase as similar to putting a newspaper on a website. The content is digital, but the format has not really changed yet.<\/p>\n<p>That is the key criticism. Tokenization has brought assets such as Treasurys, funds and credit products onto <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/blockchain\/\">blockchains<\/a>. But many still rely on gated issuance, controlled redemptions and familiar offchain processes. Pantera found that 91.1% of scored assets still used restricted issuance and redemption models.<\/p>\n<h2>Native finance remains rare<\/h2>\n<p>The report argues that most issuers are still copying traditional market structure rather than designing around continuous settlement, composability and onchain governance. Only 13 assets achieved autonomous or near-symmetric mint-and-burn functionality.<\/p>\n<p><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/what-are-defi-protocols\/\">DeFi<\/a> integration is also limited. Just 10.6% of assets reached Pantera\u2019s threshold for meaningful composability, where tokenized assets can be used naturally across lending, collateral, liquidity and other onchain systems.<\/p>\n<p><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/understanding-stablecoins-the-backbone-of-digital-finance\/\">Stablecoins<\/a> remain the exception. They are the only tokenized asset category operating at meaningful economic scale while also showing real onchain utility.<\/p>\n<p>That leaves the broader $321 billion tokenization market in an awkward position. Growth is real. Institutional interest is real. But the market is still mostly building digital versions of old instruments, not yet the native financial infrastructure that blockchains were supposed to enable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> <img width=\"1080\" height=\"750\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Stablecoins en France : entre monnaie et actif num\u00e9rique\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin.jpg 1080w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-300x208.jpg 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-768x533.jpg 768w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-150x104.jpg 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2026\/03\/Statut-du-stablecoin-450x313.jpg 450w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>Pantera says the tokenization market has grown to $321 billion, but remains structurally immature. Its Tokenization Progress Index found most tokenized assets still operate as wrappers around traditional financial products. Pantera says tokenization is growing fast, but not yet becoming the financial redesign many in crypto expected. Most tokenized assets are still wrappers The crypto [&#8230;]  <\/p>\n","protected":false},"author":5,"featured_media":78648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,1,1,1,1,1,1,1,1],"tags":[],"class_list":["post-78647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pantera Says Tokenization Is Still in Early Wrapper Phase - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/pantera-says-tokenization-is-still-in-early-wrapper-phase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pantera Says Tokenization Is Still in Early Wrapper Phase - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Pantera says the tokenization market has grown to $321 billion, but remains structurally immature. Its Tokenization Progress Index found most tokenized assets still operate as wrappers around traditional financial products. Pantera says tokenization is growing fast, but not yet becoming the financial redesign many in crypto expected. 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Its Tokenization Progress Index found most tokenized assets still operate as wrappers around traditional financial products. Pantera says tokenization is growing fast, but not yet becoming the financial redesign many in crypto expected. 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