As of the end of August 2024, the total value of tokenized U.S. Treasuries, bonds, and cash equivalents has reached approximately $2.07 billion, according to Wu.com. The market has grown by more than 1,872% since January 1, 2023, jumping from $104.93 million to current levels. Blackrock and Franklin Templeton’s tokenized funds dominate the market, accounting for 44.95% of the market. In addition, more than $1.5 billion in tokens were minted on the Ethereum blockchain.

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