Treasury Tokens Soar Above $1.5 Billion Market Cap

  • Throughout 2024, tokenized Treasury and real-world asset (RWA) protocols have demonstrated robust growth.

The market for tokenized US Treasury notes is still expanding, and this year has seen a notable increase in real-world asset (RWA) protocols.

Treasury securities, bonds, and cash equivalents are among the tokenized RWAs that have increased by 35% since the start of April. In the same time frame, Ondo Finance, one of the top RWA-focused DeFi protocols, had a rise in total value locked (TVL) from $221 million in April to $507 million.

Blackrock’s $BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is leading the way. Since the beginning of the quarter, it has increased by 65%, pushing the overall market cap for tokenized Treasuries past $1.5 billion. 

The Franklin Onchain U.S. Government Money Fund, managed by Franklin Templeton, saw growth of around 27% as well.

Stablecoins, real estate, commodities, and tokenized Treasury securities make up the RWA sector. Over the past few months, Treasuries have garnered the majority of attention, while the markets for commodities and stablecoins have remained comparatively stagnant.

Consequently, since its token creation event in January, Ondo’s native token has increased by more than six times, and it is now up 68% as of the end of March.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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