CoinMeta data: According to the report "_Digital Collateral: A Practical Reality" released by Citibank (_Citi) and The ValueExchange, tokenized collateral is transitioning from a pilot phase to practical application. Up to 77% of institutions are expected to use some form of tokenized collateral by 2026, mainly including cash, money market funds, and government bonds. Currently, about 5% of repurchase transactions are conducted in tokenized form each month. US Treasury bonds are expected to be offered in tokenized form through _DTCC starting in October 2026. The report indicates that globally systemically important banks need to deploy approximately $74 billion in collateral across around 65 custody locations daily. However, due to existing settlement periods and operational frictions, about 25% of this collateral remains idle, generating virtually no revenue. For an average institution of size _Tier, this corresponds to about $15 billion in inefficient assets, resulting in a potential annual income loss of around $346 million. Citibank believes that tokenization can improve the mobility of collateral across time zones and during non-bank business hours, and support more 24/7 margin management.