United States Treasuries worth over $1 billion have been tokenized on-chain across Ethereum, Polygon, Solana, and other blockchains.
The milestone was propelled by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund.
US Treasurys Worth $1.08B Tokenized
BlackRock’s Ethereum-based product, BUIDL, was introduced on March 20 and has surpassed a market capitalization of $244.8 million.
As per data from 21Shares’ Dune Analytics dashboard, BUIDL is now behind only Franklin Templeton’s 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.
Ondo Finance, a real-world asset tokenization firm, recently deposited $95 million into BlackRock’s BUIDL fund to facilitate instant settlements for its own US Treasury-backed token, OUSG,…
