According to BlockBeats, the market value of tokenized US Treasury bonds has seen a significant increase this year, surpassing $1.5 billion. Since the beginning of April, tokenized Real World Assets (RWAs), including treasury bonds, bonds, and cash equivalents, have grown by 35%. During the same period, the Total Value Locked (TVL) in Ondo Finance, one of the leading DeFi protocols focusing on RWAs, has increased from $221 million in April to $507 million.
Leading the surge is BlackRock's BUIDL, a digital liquidity fund, which has grown by 65% since the start of the quarter, pushing the total market value of tokenized treasury bonds over $1.5 billion. Franklin Templeton's FOBXX, an on-chain US government money fund, has also seen a growth of nearly 27%.
