Nearly three out of every four tokenized ETF products currently sit on Ethereum, holding a commanding 72.6% market share. This dominance is not accidental; it is a structural advantage built on liquidity and standardization.
The broader tokenization market, which includes Treasury bills and equity funds represented as blockchain tokens, is projected to reach between $16 trillion and $20 trillion by 2030. Ethereum has positioned itself as the default infrastructure for this migration, with major traditional finance players laying the track.
Ethereum’s ERC-20 token standard has become the industry norm for on-chain finance, supported universally by wallets, exchanges, and custodians. Institutions gravitate toward established liquidity, and Ethereum delivers that liquidity in abundance.
Franklin Templeton exemplifies this trend. Its BENJI token, now managing over $500 million, initially launched on Stellar but migrated to Ethereum in 2023-a significant shift for a firm managing hundreds of billions in traditional assets.
Ondo Finance has also emerged as a major player, reporting over $600 million in tokenized equities under management and more than $9 billion in cumulative trading volume by early 2026.
A key advantage lies in Ethereum's DeFi composability. Tokenized fund products are increasingly accepted as collateral in lending and trading protocols. A tokenized Treasury ETF becomes more than a yield-bearing instrument-it functions as a building block for structured products, all within the Ethereum ecosystem. The 72.6% figure likely includes products on Ethereum-compatible Layer 2 networks, broadening its reach.