Electric Capital's report listed 501 real-world yield sources, but only 34 of them had on-chain value exceeding $50 million, concentrated primarily in US Treasuries and credit products. Distribution remains a key bottleneck, with most large tokenized assets held by a small number of entities; for example, BlackRock's BUIDL has 98% of its supply controlled by its top 10 holders. The company predicts that stablecoin growth, protocol competition, and investment in AI infrastructure will further drive asset tokenization.