- Tokenized U.S. Treasuries surged 1,000% to $1.29 billion (Jan 2023 – May 2024) due to high rates and blockchain.
- The tokenized asset market could hit $16 trillion by 2030, driven by stablecoins and tangible assets.
- Non-stablecoin tokenized assets grew over 100%, exceeding $3 billion since 2023, led by government securities.
Blockchain technology has sped up the worldwide trend of tokenization, fueled by the rising appetite for tokenized assets. According to a recent report by Coinbae, high interest rates have significantly increased the demand for safe, high-yielding Treasury bills on-chain in the U.S.
This surge has led to the value of tokenized U.S. Treasury products rising by over 1,000%, reaching $1.29 billion from January 2023 to May 31, 2024.
Asset tokenization involves translating the ownership of an asset into a digital token, which can be stored, traded and exchanged on a blockchain platform. These tokens signify a…
