The post Tokenized US Treasuries Surge by $210M, Revolutionizing Finance on Blockchain appeared on BitcoinEthereumNews.com.

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. Source: RWA.xyz 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.…

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Filed under: News - @ October 13, 2024 1:12 pm