• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-09

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-09

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Videos

    Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

    2025-05-07

    Bitcoin PUMPS Ahead of FOMC Press Conference

    2025-05-06

    Bitcoin Core Removes The Mask

    2025-05-06

    Next CME Gap For Bitcoin to Fill (GET READY!!)

    2025-05-05

    How To Run A BITCOIN NODE: Knots on Desktop, Umbrel and Start9

    2025-05-05
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Blockchain»Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains
Blockchain

Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains

2024-03-28No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Data tracked by 21.co shows $1.08 billion in Treasury notes has been tokenized through public blockchains.

The tally has risen nearly 10-fold since January 2023 amid elevated interest rates worldwide.

The market for tokenized U.S. Treasury debt is booming.

The market value of Treasury notes tokenized through public blockchains like Ethereum, Polygon, Valanche, Stellar and others has crossed above $1 billion for the first time, data tracked by Tom Wan, an analyst at crypto firm 21.co, show.

Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain. The market value has risen nearly 10-fold since January last year and 18% since traditional finance giant BlackRock announced Etheruem-based tokenized fund BUIDL on March 20.

As of writing, BUILD is the second-largest such fund, with a tokenized value of $245 million, trailing only Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX) – one share of which is represented by the BENJI token – which led the pack with $360.2 million in deposits.

“Just happened, $1B Total Tokenized U.S. Treasuries on Public Blockchains. Blackrock’s BUIDL increased by 400% from 40M to 240M supply in a week,” Wan posted on X. “OndoFinance is now the largest holder of BUIDL, holding 38% of the total supply. Now Ondo’s OUSG is fully backed by BUIDL.”

The rapid rise in Treasury yields in the past two years has fueled demand for their tokenized versions. The 10-year yield, the so-called risk-free rate, has risen to 4.22% from 1.69% since March 2022, denting the appeal of lending and borrowing the dollar-pegged stablecoins in the decentralized finance market.

See also  'Dodgy Cryptocurrencies and Silly NFTs' Have Spoiled Blockchain's Narrative

Investing in tokenized Treasuries can help crypto investors diversify their portfolio, allowing them to settle transactions on any given day.

“The beauty of tokenization, [is] you can settle the transaction 24/7,” Wan said.

blockchains Notes public Tokenized Treasury U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The U.S. Is About to BUY BILLIONS in Bitcoin?! (Here’s the Crazy Plan)

2025-04-13

Is the PayPal Mafia Secretly Running the U.S. Government?

2025-03-21

The U.S. Is Coming for Canada… and Crypto’s in Trouble

2025-03-14

The U.S Government LIED To You About CBDC’s

2025-03-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Legal Expert Explains Why Ripple Will Always Back XRP

2023-11-04

A pro-XRP lawyer known for advocating for the cryptocurrency has outlined reasons why he believes…

NFT

Gitcoin and Metalabel ‘Vitalik’ NFT Collection Takes Top Spot on Opensea

2023-03-09

NFT The Gitcoin Presents non-fungible token (NFT) collection is soaring in value after its open…

Blockchain

Why Intel Exchanges Raise a Dilemma for Compliance

2023-10-03

Intel exchanges have arrived — and with them, a dilemma for compliance. This summer, a…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-09

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

2025-05-07
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 103,327.68
ethereum
Ethereum (ETH) $ 2,440.44
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
bnb
BNB (BNB) $ 651.79
solana
Solana (SOL) $ 171.38
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.226663
cardano
Cardano (ADA) $ 0.800706
tron
TRON (TRX) $ 0.259071
bitcoin
Bitcoin (BTC) $ 103,327.68
ethereum
Ethereum (ETH) $ 2,440.44
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
bnb
BNB (BNB) $ 651.79
solana
Solana (SOL) $ 171.38
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.226663
cardano
Cardano (ADA) $ 0.800706
tron
TRON (TRX) $ 0.259071