According to BlockBeats, the market value of tokenized U.S. Treasuries has grown significantly this year and now exceeds $1.5 billion. Since the beginning of April, tokenized RWAs (including Treasuries, bonds, and cash equivalents) have grown by 35%. During the same period, the total locked value of Ondo Finance, one of the leading RWA-focused DeFi protocols, increased from $221 million in April to $507 million.
Leading the gains was BlackRock’s BUIDL (BlackRock USD Institutional Digital Liquidity Fund), which has increased 65% since the beginning of the quarter, pushing the total market value of tokenized Treasuries to over $1.5 billion. Franklin Templeton’s FOBXX (Franklin On-Chain U.S. Government Money Fund) also increased by nearly 27%.
