According to Wu, according to data from rwa xyz, the market value of tokenized treasury bonds has increased from US$719 million to US$1.44 billion this year, with a growth rate of 100%. Tokenized treasury products with a scale of more than US$100 million include BUIDL, FOBXX, OUSG, USDY and USTB. Among them, BlackRock's tokenized fund BUIDL, issued at the end of March this year, has become the tokenized treasury product with the largest market value, reaching US$456 million. The second is Franklin's on-chain US government money fund FOBXX, with a market value of US$348 million.