The market for tokenized US treasuries is experiencing remarkable growth due to high interest rates and increased demand for secure, high-yielding on-chain assets. This surge has seen the value of tokenized US Treasury products skyrocket by over 1,000% since early 2023, reaching $1.64 billion by June 22. Major players like BlackRock and Franklin Templeton are leading this trend, with BlackRock's BUIDL fund surpassing Franklin Templeton's BENJI fund to become the largest. Tokenization of real-world assets is gaining traction in the financial industry, with benefits such as enhanced liquidity, faster transactions, and lower fees. Stablecoins have been a driving force behind the growth of tokenized assets, with the total value exceeding $3 billion. The rise of stablecoins and digital tokens is revolutionizing payment systems and attracting interest from major financial institutions, signaling a shift towards more efficient and cost-effective transactions. Read more AI-generated news on: https://app.chaingpt.org/news