Tokenized U.S. Treasuries Market Value Exceeds $5 Billion Milestone
The market value of tokenized U.S. Treasuries has exceeded $5 billion, marking a significant increase of $1 billion in just two weeks. This growth is driven by investments from BlackRock and Securitize.
Key points include:
- Tokenized U.S. Treasuries are gaining traction among major financial institutions.
- Fidelity Investments is seeking regulatory approval for a tokenized money market fund called Fidelity Treasury Digital Liquidity on the Ethereum blockchain.
- Tokenized Treasuries provide options for earning yield while acting as reserves in decentralized finance (DeFi) protocols.
- Potential uses of these tokens include serving as collateral for trading and asset management.
- Securitize expects BUIDL to grow from $1.7 billion to over $2 billion by early April.
- Plans are in place for significant allocations to various funds, including Superstate's USTB and Centrifuge's fund.
The trend of asset tokenization in the financial sector is expected to continue expanding.