You haven't described what the loads on the panelboard will be (in either kVA or kW). So, I am assuming you want to size the transformer for the panelboard's rated capacity. Lets assume that the main breaker and/or panelboard bus is rated for 225 amps. You can do that as follows:
208V x 225A x 1.732 = 81 kVA
or
120V x 225A x 3 (phases) = 81 kVA
So, you could actually use either voltage, provided you use the right formula.
Typically for 208/120V, 3-phase, 225A panelboards, a 75 kVA transformer is used. Reason being is that the panel is typically not loaded to 100% all of the time (especially considering the main and branch breakers are thermal-magnetic and not rated for continuous loads). Because the NEC effectively requires that such panelboards be loaded to a maximum of 80% of their rating with continuous loads; 80% x 81 kVA = 65 kVA. A 75 kVA transformer will support this just fine. It will also support short-term overloads such as motor inrush; but typically a 225A panelboard is only partially loaded. Oversizing the transformer will only result in less efficiency during most of its use.