Tokenized U.S. Treasuries on Ethereum Approach $10 Billion Milestone
- Tokenized U.S. Treasuries on public blockchains reached $7.42 billion as of September 12, with a significant focus on Ethereum-linked issuance.
- Fidelity’s OnChain share class has approximately $203.7 million outstanding, with Bank of New York Mellon serving as custodian.
- BlackRock’s USD Institutional Digital Liquidity Fund is valued at about $2.20 billion, while WisdomTree’s fund stands at approximately $832.3 million.
- To reach the $10 billion target by year-end, an estimated net addition of $2.58 billion is required from the current total.
- Three-month Treasury bill rates were recorded at 3.94% as of September 10, influencing demand for tokenized funds.
The market for tokenized U.S. Treasuries is growing rapidly, with major players like Fidelity and BlackRock contributing significantly to the total value held in these digital assets.
With current figures indicating a total of $7.42 billion in tokenized Treasuries, the market needs to add roughly $700 million each month to meet its year-end goal of $10 billion.(Source)
