Market Volume of Tokenized U.S. Treasury Securities Surpasses $1 Billion

More than $1 billion in U.S. Treasury bonds have been tokenized across the Ethereum, Polygon, Solana, Avalanche, Base, and Stellar blockchains. The primary issuers of tokenized government bond funds are Franklin Templeton and BlackRock, which together represent approximately half of the market’s volume.

As per Dune data, the market capitalization of tokenized government bonds in the U.S. stands at $1.07 billion. This market encompasses 17 investment products that are based on government bond funds.

Some of the most actively traded funds in this market include:

• Franklin Templeton’s BENJI, which was launched on Polygon and Stellar 11 months ago. This product is derived from the Franklin OnChain U.S. Government Money Fund (FOBXX), which holds an investment portfolio of $360.2 million in Treasury bonds.
• The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which debuted on the Ethereum blockchain on March 20. This fund has a market capitalization of $244.8 million, and four transactions totaling $95 million propelled it to become the second-largest fund within just one week of its launch, according to Etherscan data.
• USDY by iShares, which was introduced on the Ethereum network and is supported by the Ondo Finance protocol. This fund has a capitalization of $55.4 million.

Initiatives such as Ondo Finance, Backed Finance, Matrixdock, Maple Finance, Swarm, and others have collectively raised over $300 million through the tokenization of U.S. Treasury bonds.

In 2023, the market capitalization of tokenized U.S. Treasury bonds increased by 641%, reaching $861 million at the start of 2024.

Сообщение Market Volume of Tokenized U.S. Treasury Bonds Exceeds $1 Billion появились сначала на CoinsPaid Media.