Tokenized Treasury notes have reached $2 billion in market cap in just five months, doubling from $1 billion, demonstrating rapid growth attracted by rising yields.
BlackRock's BUIDL, launched in March, became the largest tokenized Treasury fund at $375 million shortly after inception and now holds $503 million in assets.
The growth of tokenized Treasuries shows strong potential given the $27 trillion Treasury market, especially with offerings from smaller issuers showing substantial gains.
Tokenized Treasury funds are increasingly popular among crypto traders, allowing investors to diversify and capitalize on the significant rise of Treasury yields.
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