A study by crypto venture capital firm Electric Capital found that of the 501 real-world yield assets it analyzed, only 34 have an on-chain market capitalization exceeding $50 million, meaning approximately 93% are not yet covered by DeFi and are currently concentrated in RWA assets such as US Treasury bonds, private credit, and corporate bonds. The report also points out that RWA tokenized assets are highly concentrated in a few hands; for example, the top ten holders of BlackRock BUIDL control approximately 98% of the supply. Electric Capital believes that factors such as the growth of stablecoins and the demand for financing AI infrastructure may drive more RWAs onto the blockchain. (The Defiant)