Tokenized Treasuries Hit $2.2B as Investors Dive into Blockchain Assets
TL;DR
- The market value of on-chain real-world assets (RWAs) has surpassed $12 billion, primarily driven by the tokenization of U.S. Treasuries.
- BlackRock's BUILD fund leads the sector with a valuation of nearly $520 million, while the on-chain private credit market is valued at $9 billion.
The market for on-chain RWAs has seen significant growth, exceeding $12 billion, largely due to the increasing tokenization of U.S. Treasuries. Major financial institutions like BlackRock are making notable advancements in this space, with their BUILD fund valued at approximately $520 million, showcasing the potential of digital asset investments.
According to Binance Research, the tokenization process enables the trading of traditionally illiquid assets, enhancing fractional ownership and improving record-keeping efficiency. The tokenized treasury funds market has also gained traction, now exceeding $2.2 billion, with Franklin Templeton's FBOXX closely following BlackRock's lead.
Additionally, the on-chain private credit market is currently valued at $9 billion, representing a small fraction of the traditional market. Companies like Figure, Centrifuge, Maple, and Goldfinch are contributing to the growth of active loans in this emerging sector. As interest rates in the U.S. remain high, the appeal of yield-bearing instruments, including tokenized Treasuries, could shift with anticipated rate cuts from the Federal Reserve.
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