DeFi
Tokenized Treasuries Surpass Market Cap by $1.5 Billion
Tokenized treasuries and real-world asset (RWA) protocols continued to show strong growth throughout 2024.
Demand for tokenized U.S. Treasuries continues to rise, with real-world asset (RWA) protocols increasing significantly this year.
Tokenized RWAs, including treasuries, bonds and cash equivalents, have increased by 35% since the beginning of April. During the same period, the total value locked (TVL) of Ondo Finance, a leading RWA-focused DeFi protocol, increased from $221 million in April to $507 million.
Leading the way is Blackrock’s $BUIDL (BlackRock USD Institutional Digital Liquidity Fund), which is up 65% quarter-to-date, bringing the total Treasury market cap above $1.5 billion. dollars. Franklin Templeton’s $FOBXX (Franklin Onchain US Government Money Fund) also increased by almost 27%.
Total market capitalization of tokenized Treasury bonds
The RWA sector is divided into treasuries, commodities, real estate and stablecoins. Commodities and stablecoin markets have remained relatively stable, while Treasuries have received most of the attention in recent months.
As a result, Ondo’s native token has increased by 68% since the end of March, having increased more than sixfold since its token generation event in January.
