21co analyst Tom Wan believes tokenized US treasuries will hit $3 billion by the end of 2024. This growth is driven by increasing adoption among DeFi projects and DAOs seeking diversification and stability.
Currently, over 15 tokenized US Treasury products on Ethereum Virtual Machine (EVM) chains manage nearly $2 billion in assets. Notable examples include Arbitrum and MakerDAO, with allocations of $27 million and $1 billion respectively. BlackRock’s BUIDL fund, now the largest tokenized treasury fund, has a market cap nearing $500 million.
Tokenized US Treasuries offer higher liquidity, faster transactions, and lower fees. The market has over $2 billion in assets on blockchains like Ethereum, Polygon, and Solana. Wan projects the market cap could exceed $3 billion by the end of 2024.
This trend signifies a major shift toward real-world asset tokenization, transforming traditional finance and blockchain technology. As more DAOs and DeFi projects adopt these assets, the sector is poised for substantial growth.
