Tokenized U.S. Treasury debt market skyrockets to over $1B. Digital Treasury notes on blockchains like Ethereum, Polygon, and others see a tenfold increase since last January. BlackRock’s Ethereum-based BUIDL fund hits $245M, second only to Franklin Templeton’s Franklin OnChain U.S. Government Money Fund. Rising Treasury yields since March 2022 spark demand for tokenized versions, aiding crypto investors in diversifying portfolios amid decentralized finance market challenges.
Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains
