According to Odaily, 21.co strategy analyst Tom Wan has projected that the market for tokenized US Treasury bonds could reach $3 billion by the end of 2024. The industry is witnessing a trend where DeFi projects' DAOs are diversifying their funds into Real-World Assets (RWA), including stablecoins and tokenized US Treasury bonds. As these tokenized bonds mature, over 15 products on EVM chains have already managed nearly $2 billion in assets, with DAOs incorporating yield products like BUIDL, USTB, USDY, and USDM into their treasuries.
This trend is expected to continue in the long term. Current projects adopting this strategy include Arbitrum, which has allocated 35 million ARB tokens (worth $27 million), and MakerDAO, which has allocated $1 billion. With these projects channeling funds into tokenized US Treasury bonds, the total market capitalization of these bonds is anticipated to exceed $3 billion by the end of 2024.