- Tokenised versions of US treasury bonds boomed in popularity this year.
- Issuers expect the growth to continue despite anticipated rate cuts from the Federal Reserve.
Tokenised treasuries, blockchain assets that represent ownership of yield-bearing government bonds, have grown by more than 100% this year.
In January, onchain US treasuries stood at $773 million, per data from real-world asset data platform rwa.xyz.
That’s since ballooned to over $1.9 billion.
Issuers of these so-called tokenised treasuries expect the growth to continue.
“As onchain capital holders become more sophisticated, they realise that tokenized treasuries are superior to stablecoins,” Ian De Bode, real-world asset platform Ondo’s Chief Strategy Officer, told DL News.
De Bode said that tokenised treasuries like the ones Ondo and other issuers offer are more attractive because of their high yields and investor protections. “Stablecoins don’t provide these…
