Ondo's US Treasury fund will be the second largest Ethereum-based US Treasury bond tokenization initiative, with 156 million reais successfully realized in the digital realm. In addition, the US dollar yield tokenization fund issued by Ondo will add another $95 million to Ethereum's dominance in the sector.
In addition, other important tokenized US Treasury bond initiatives include Supergate short-term US government bond fund, Hashnote short-term government securities fund and Matrixdock short-term Treasury bill token with #tokenization amounts of 992.4 million, 662.5 million yen and 39.6 million respectively.
The closest competitor in the #EarnFreeCrypto2024 infrastructure category is #Stellar , whose US government tokenized 3 tokens worth £5,480 million. Most of this volume is attributed to the US government's Franklin On Chain money fund in Franklin Templeton, which has over 3,348 million tokenized shares. In addition, WisdomTree augments this amount with a stable of $5,550 million government digital money market fund.
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