Tokenized US Treasuries Surge by $210M, Revolutionizing Finance on Blockchain

• Tokenized US Treasuries have grown by $210 million since surpassing the $2 billion mark, reflecting increased blockchain adoption.
• BlackRock’s BUIDL leads the tokenized Treasury market, with Franklin Templeton expanding its presence to the Aptos blockchain.

Tokenized The US Treasury has been rising fast, signifying a major change in the way conventional financial assets are acquired and sold.

The tokenized US Treasury market has gained another $210 million since exceeding the $2 billion mark at the end of August 2024, therefore raising their total market capital value to $2.21 billion.

Tokenized versions, unlike conventional treasuries, can be exchanged 24/7 on blockchain systems and provide advantages including more accessibility and simplicity of transfer. By fundamentally relying on the full faith and credit of US Treasury bonds, these digital assets ensure stability while maximizing the advantages of distributed technology.

BlackRock’s BUIDL and USYC Lead the Charge in Tokenized Asset Growth 

Reflecting 3.32% growth over the past 30 days, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with $531.88 million in market caps, is presently leading the market.

Offering institutional investors a means to diversify their portfolios with safe US Treasury and thereby benefit from the liquidity and transparency blockchain technology offers, this fund epitomizes the promise of tokenized assets.

The Hashnote Short Duration Yield Coin (USYC) has also exhibited an amazing 27.38% increase this month, valued at $309.39 million, therefore reinforcing its importance in this field.

With a market value of $441.14 million, the Ondo US Dollar Yield (USDY) had an 11.3% rise over the same period. Franklin Templeton’s Franklin Onchain US Government Money Fund (FOBXX) has $437.47 million, while its market capitalization dropped somewhat by 0.66% since last month.

Though the market cap of these tokenized assets is rising, the total number of investors in them is still somewhat meager. Only 6,213 holders of tokenized Treasuries as of October 2024 have BlackRock’s BUIDL fund accounting; 12 of these investors were active over the past month.

BUIDL, with a meager user base, has seen $78.99 million in transfer volume over the past 30 days; this is a 26.78% decline from September. Conversely, the Ondo Short-Term US Government Bond Fund (OUSG) saw a spike in activity with a 368.38% increase in transfer volume, thereby reaching $115.97 million.

Blockchain-Based Financial Solutions Gain Popularity for Portfolio Diversification 

The consistent increase of tokenized Treasury reflects the growing demand for blockchain-based financial solutions that mix the stability of conventional finance with the adaptability of distributed technology.

These products should draw a larger spectrum of investors as they become popular, including individuals who have been historically wary of joining the blockchain or crypto space. These assets are becoming more appealing for portfolio diversification because of their simplicity of trading and the openness they offer via blockchain systems.

Apart from these achievements, Franklin Templeton has advanced access to tokenized US Treasury by including Franklin Onchain US Government Money Fund (FOBXX) into the Aptos blockchain, as we previously reported.

With the BENJI token representing the fund, this action expands accessibility for institutional investors by letting users own tokenized shares of US Treasury-backed assets.

In addition, according to CNF, the Tokenized Asset Coalition (TAC) published a thorough analysis stressing the expansion of blockchain and tokenization together with adding 21 new members.

Leader in the tokenized US Treasury area, Ondo Finance keeps developing creative solutions like USDY and OUSG to support its place in the industry.