Tokenized assets may be more actively used than headline data indicates, according to Matthew Fisher of Katana, in comments reported by CoinDesk. Fisher argues that utilization estimates should first exclude assets that were never mobile, then account for the identity and motivation of the holders involved. He also says the calculation should include activity that works outside the contract itself. After those adjustments, Fisher estimates that tokenized-asset utilization is close to 20%. The view challenges a straightforward reading of reported usage figures, suggesting that the way assets are classified and measured can materially affect the result. The estimate is presented as an argument about methodology rather than as a market forecast. Investors tracking tokenization-related crypto assets should distinguish between raw activity data and adjusted measures when assessing how widely these assets are being used.
