Tokenized US Treasuries have increased by $210 million since surpassing $2 billion, reflecting increased blockchain adoption. BlackRock’s BUIDL is leading the tokenized government bond market, and Franklin Templeton is expanding its presence on the Aptos blockchain.
Tokenization The price of U.S. Treasurys is rising rapidly, signaling a major shift in the way traditional financial assets are acquired and sold.
The tokenized US government bond market has gained an additional $210 million since crossing the $2 billion mark at the end of August 2024, resulting in an increase in total market capitalization to $2.21 billion .
Source: RWA.xyz
Tokenized versions, unlike traditional treasuries, can be exchanged 24/7 on blockchain systems, with benefits such as ease of access and simplified transfers. Essentially relying on the full faith and credit of U.S. government bonds, these digital assets ensure stability while maximizing the benefits of decentralized technology.
BlackRock’s BUIDL and USYC lead growth in tokenized assets
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) with a market capitalization of $531.88 million is currently leading the market, reflecting a growth of 3.32% over the past 30 days.
Offering institutional investors a means to diversify their portfolios in the safety of the US Treasury and thereby benefit from the liquidity and transparency that blockchain technology provides, this fund embodies the promise of tokenized assets. I am.
Hashnote Short Duration Yield Coin (USYC) also increased by an impressive 27.38% this month, bringing its value to $309.39 million, further increasing its importance in the space.
The market price was $441.14 million and the Ondo Dollar Yield (USDY) increased by 11.3% during the same period. Franklin Templeton’s Franklin Onchain U.S. Government Money Fund (FOBXX) has $437.47 million in holdings, but its market cap has decreased slightly by 0.66% from last month.
Although the market capitalization of these tokenized assets is rising, the total number of investors in them is still small. As of October 2024, only 6,213 tokenized US Treasury holders have BlackRock’s BUIDL fund account. 12 of these investors were active in the past month.
BUIDL, which has a meager user base, has transferred $78.99 million in the past 30 days. This is a 26.78% decrease from September. Conversely, the Ondo Short-Term US Government Bond Fund (OUSG) saw a surge in activity, with remittances increasing by 368.38% to $115.97 million.
Blockchain-based financial solutions gain popularity for portfolio diversification
The consistent rise in tokenized treasuries reflects the growing demand for blockchain-based financial solutions that combine the stability of traditional finance with the adaptability of decentralized technology.
As these products grow in popularity, they should attract a wider range of investors, including individuals who have historically been wary of participating in the blockchain and cryptocurrency space. The simplicity of trading and openness through blockchain systems make these assets more attractive for portfolio diversification.
Separately from these achievements, as previously reported, Franklin Templeton will gain access to tokenized U.S. Treasury funds by incorporating Franklin Onchain Fund of U.S. Government Funds (FOBXX) into the Aptos blockchain. has advanced.
This action expands institutional investor access by allowing users to own tokenized shares of U.S. Treasury-backed assets using the BENJI token representing the fund.
Additionally, the Tokenized Assets Coalition (TAC) released a thorough analysis highlighting the expansion of blockchain and tokenization with the addition of 21 new members, according to CNF.
Ondo Finance, a leader in the field of tokenized US Treasury, continues to develop creative solutions such as USDY and OUSG to support its position in the industry.
