<\/p>\n
United States Treasuries worth over $1 billion have been tokenized on-chain across Ethereum, Polygon, Solana, and other blockchains.<\/p>\n
The milestone was propelled by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund.<\/p>\n
BlackRock\u2019s Ethereum-based product, BUIDL, was introduced<\/a> on March 20 and has surpassed a market capitalization of $244.8 million.<\/p>\n As per data<\/a> from 21Shares\u2019 Dune Analytics dashboard, BUIDL is now behind only Franklin Templeton\u2019s 11-month-old Franklin OnChain US Government Money Fund (FOBXX), which holds $360.2 million in US Treasuries. The dashboard further reveals that $1.08 billion in US Treasuries has been tokenized across 17 products.<\/p>\n Ondo Finance, a real-world asset tokenization firm, recently deposited $95 million into BlackRock\u2019s BUIDL fund to facilitate<\/a> instant settlements for its own US Treasury-backed token, OUSG, establishing a 38% share in BUIDL.<\/p>\n BUIDL\u2019s value is pegged 1:1 with the United States dollar, and it distributes accrued dividends to investors monthly. According to 21.co\u2019s Dune dashboard, tokenized government treasuries are increasingly attractive compared to stablecoin yields, particularly given the current high-interest rate environment.<\/p>\n US Treasuries serve as a gateway to tokenization, offering low-risk options for investors to store on-chain cash and earn stable yields within the blockchain ecosystem. The market has surged in the past year, growing from $100 million in early 2023 to its current size. While US Treasuries represent just one aspect of this trend, assets such as stocks and real estate can also undergo tokenization.<\/p>\nBlockchain Sees Surge in Real-World Asset Tokenization<\/h2>\n