The market for tokenized U.S. Treasuries now holds assets worth over $8.73 billion. Data from RWA.xyz highlights this growth as blockchain technology gains traction in traditional finance (TradFi) for offering digital access to sovereign debt.
Assets grew by nearly 1.8% in the past week. The number of holders also rose over 6% to more than 57,900 during this time.
This asset class digitizes ownership of U.S. government bonds and money market funds across multiple blockchains. It offers a regulated, yield-bearing product within the digital asset ecosystem. The seven-day average yield (APY) stands at about 3.72%.
Securitize Leads the Market
Securitize controls the largest market share at roughly 33.5%, with tokenized assets valued above $2.92 billion. This includes the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), worth nearly $2.83 billion.
Other key players include Ondo, with a market cap near $1.47 billion, and Circle, whose treasury product exceeds $948 million. Ondo recently integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to access real-time price feeds.
Established asset managers are joining the space. Franklin Templeton holds over $852 million, while WisdomTree manages more than $642 million in tokenized treasuries. Their involvement signals growing institutional acceptance in the Real-World Asset (RWA) tokenization market.
Connecting Traditional Finance and DeFi
Tokenizing government securities helps bridge traditional finance (TradFi) and decentralized finance (DeFi). Liquid, regulated assets like U.S. Treasuries offer benefits such as transparent on-chain ownership, faster settlement, and stable, low-risk yields.
The market’s growth has been steady. It passed $100 million in mid-2023 and reached over $1 billion shortly after. Now, it stands at $8.7 billion, reflecting strong demand.
This trend shows both crypto-native and traditional investors see tokenized treasuries as vital. They combine the stability of sovereign debt with the innovation of digital finance.
