According to CoinMeta, the market for tokenizing real assets has reached $34.6 billion, but only $3.79 billion of this has been deployed within protocols, with approximately 89% of the issued value remaining idle. Data from DefiLlama shows a clear discrepancy between the value of tokenized assets issued on the blockchain and the amount used within decentralized finance (DeFi) protocols. The utilization rate of BUIDL is 0.64%, while that of Franklin Templeton is 0%, and that of Circle is 0.52%. Although each product provides holders with exposure to profitable assets, very little of the issued value enters the protocols covered by the utilization rate measurements in DefiLlama.