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Monday, April 15, 2024

Tokenized Treasury Notes Surpass $1B

The marketplace for tokenized U.S. Treasury debt is booming. The market worth of Treasury notes tokenized by way of public blockchains like Ethereum, Polygon, Avalanche, Stellar and others has crossed above $1 billion for the primary time, information tracked by Tom Wan, an analyst at crypto agency 21.co, present. Tokenized Treasuries are digital representations of U.S. authorities bonds that may be traded as tokens on the blockchain. The market worth has risen practically 10-fold since January final yr and 18% since conventional finance large BlackRock introduced Etheruem-based tokenized fund BUIDL on March 20.

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