OCB · Holder structure
Who actually holds it.
70 instruments assessed · 2026-07-31
A fund can report billions in supply and still sit almost entirely in one wallet. We read the holders directly, so the distinction is visible. Concentration is measured as the share held by the ten largest wallets, with protocol and contract addresses excluded.
How it’s judged
Retail-facing
Open to ordinary buyers, so concentration is a genuine signal — if anyone can hold it and almost nobody does, that is worth knowing. Judged on the stricter scale.
Institutional-direct
Million-dollar minimums or authorized-participant-only distribution. A small holder set is the design, not a red flag, so the thresholds are set accordingly.
Both scales come from the published methodology (v1.0 Q7) — the same thresholds the trust score uses. How we measure
01 · Broadly held
No small group of wallets dominates the supply. The closest thing onchain to genuine distribution.
31 instruments
| Instrument | Top 10 hold | Judged as | Wallets excluded |
|---|---|---|---|
TJX.dTJX Companies, Inc. (Dinari) Dinari | 0.0% | Retail-facing | 2 |
ADBE.dAdobe Inc. (Dinari) Dinari | 0.0% | Retail-facing | 2 |
AVGO.dBroadcom Inc. Common Stock (Dinari) Dinari | 0.0% | Retail-facing | 3 |
ARM.dArm Holdings plc ADS (Dinari) Dinari | 0.1% | Retail-facing | 2 |
02 · Diffuse
Ownership is spread, though the largest holders still carry meaningful weight.
11 instruments
| Instrument | Top 10 hold | Judged as | Wallets excluded |
|---|---|---|---|
NLY.dAnnaly Capital Management, Inc. (Dinari) Dinari | 20.3% | Retail-facing | 2 |
PAXGPAX Gold Paxos | 24.2% | Retail-facing | 11 |
USDCUSD Coin Circle |
03 · Concentrated
A majority of supply sits with the ten largest holders.
1 instrument
| Instrument | Top 10 hold | Judged as | Wallets excluded |
|---|---|---|---|
RLUSDRipple USD Ripple (Standard Custody & Trust Co.) | 55.2% | Retail-facing | 3 |
04 · Highly concentrated
Nearly all supply sits with the ten largest holders.
6 instruments
| Instrument | Top 10 hold | Judged as | Wallets excluded |
|---|---|---|---|
OUSGOndo Short-Term U.S. Government Bond Fund Ondo Finance | 66.8% | Retail-facing | 2 |
TSLA.dTesla, Inc. Common Stock (Dinari) Dinari | 76.6% | Retail-facing | 3 |
USDDUSDD tron_dao_reserve | 77.1% |
05 · Single-holder dominated
Effectively the entire supply sits in a handful of wallets — often one issuer or omnibus account.
21 instruments
| Instrument | Top 10 hold | Judged as | Wallets excluded |
|---|---|---|---|
USDGGlobal Dollar Paxos Digital Singapore Pte. Ltd. | 83.9% | Retail-facing | — |
PYUSDPayPal USD Paxos | 86.0% | Retail-facing | 1 |
COIN.dCoinbase Global, Inc. Class A (Dinari) Dinari |
Coverage
What we haven’t assessed.
An instrument appears above only when we have a recent read of its actual holders. Where we don’t, we say so rather than assume a distribution — an unmeasured instrument is not a broadly-held one.
Not yet assessed — 31