Tokenized US Treasuries Exceed $1 Billion on Public Blockchains

BlackRock's BUIDL fund and Franklin Templeton's BENJI token lead the market, highlighting blockchain's growing role in traditional finance.

Tokenized US Treasuries on public blockchains have surpassed $1 billion in assets under management (AUM), marking a significant milestone in the integration of traditional finance and blockchain technology.
Franklin Templeton's BENJI token leads the market with $360 million in AUM, while BlackRock's newly launched BUIDL fund has rapidly grown to $245 million in just one week.
The rapid growth in tokenized US Treasuries is fueled by rising Treasury yields and the demand for blockchain-based solutions that offer 24/7 transaction settlement.
BlackRock's entry into the tokenized Treasury market with its BUIDL fund is seen as a major endorsement of public blockchains for financial instruments.
The tokenization of US Treasuries is part of a broader trend towards the tokenization of real-world assets, offering increased efficiency and accessibility in financial markets.