Blockchain-Based US Treasuries Near $6 Billion Milestone
- Tokenized US Treasuries on public blockchains have grown from $4.01 billion in January to approximately $5.95 billion.
- Ethereum hosts the majority of these tokenized Treasuries, with $4.3 billion.
- BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) leads the market, managing $2.47 billion or 42% of the space.
- BUIDL’s value surged by 92% last month, with over 91% held on Ethereum.
- Franklin Templeton and Fidelity are also entering the tokenized Treasury market.
The value of tokenized US Treasuries has increased by over 43% since January, reaching nearly $6 billion, with BlackRock’s BUIDL fund leading this growth.
Source (2.6.1)https://cryptoslate.com/blackrocks-buidl-drives-92-surge-in-tokenized-us-treasury-market/?rand=24433
