🔔News Flash! BlackRock's BUIDL token, backed by U.S. Treasuries and issued in partnership with Securitize, has surpassed a $500 million market value, according to Ethereum blockchain data. This makes it the first tokenized treasury product to reach this milestone in just four months since its launch.

The growth is largely driven by DeFi protocols like Ondo Finance and Mountain Protocol using BUIDL as a backing asset for their yield-products.

U.S. Treasuries are leading the tokenization of real-world assets, with many digital asset companies and investors seeing these offerings as a low-risk way to earn a stable yield without leaving the blockchain ecosystem.

The overall tokenized treasury market, including BUIDL, has more than doubled this year, reaching $1.8 billion as of June 7.

What are your thoughts on this milestone? How do you see the future of tokenized treasury products shaping up? Share your thoughts below! 👇