Ethereum breaks $1 billion mark in tokenized US Treasuries

Date:

May 29, 2024

Ethereum is now the infrastructure for over $1 billion in tokenized US Treasuries and dominates nearly 71% of the market share in this blockchain industry sector, according to real-world assets (RWA) data platform RWA.xyz.

This number is majorly fuelled by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has tokenized over $473 million in US Treasuries since March 20th, and currently dominates almost 33% of the market. Although having just 13 shareholders, BUIDL is reserved for qualified institutional investors, with a $5 million minimum investment requirement.

Ondo’s Short-Term US…

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Ethereum breaks $1 billion mark in tokenized US Treasuries

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