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The tokenization of United States Treasury notes on public blockchains has surpassed $1 billion in assets under management (AUM). The market value has surged nearly tenfold since January last year, with an 18% increase since BlackRock announced its Ethereum-based tokenized fund, BUIDL, on March 20. Franklin Templeton's BENJI leads with $360 million, while BlackRock's BUIDL fund has grown from $40 million to $245 million in just a week. The total tokenized Treasury notes amount to $1.08 billion, showing a significant increase amid elevated interest rates worldwide.
Data tracked by https://t.co/CnaEwzbNTA shows $1.08 billion in Treasury notes has been tokenized through public blockchains. The tally has risen nearly 10-fold since January 2023 amid elevated interest rates worldwide. https://t.co/k90nZB84LE
The Rise of #Tokenized Real-World Assets — US Treasury Bonds Hit $1 Billion Milestone on Public #Blockchains https://t.co/H2i5T6HtJ0
BLACKROCK'S TOKENIZED ASSET FUND AMASSES $245M IN DEPOSITS IN FIRST WEEK This robust performance swiftly propelled the fund to second place in the market, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund (FOBXX), which boasts $360M in deposits.… https://t.co/bEO4mp4qTh