As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the pack among tokenized Treasury assets by market cap, experiencing a $14.85 million uptick in just 38 days.
$110M Added to Tokenized Treasuries in 5 Weeks, Market Cap Approaches $2B Mark
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Market Cap of Tokenized Treasuries Climbs by $110 Million in 5 Weeks
The market cap of tokenized U.S. Treasuries is closing in on the $2 billion milestone, with the recent growth adding $110 million since July 9. Over the past 141 days, the market cap has expanded by $920 million, showcasing steady and consistent growth in this space. According to metrics from rwa.xyz, a significant $1.4 billion worth of tokenized Treasuries has been minted on Ethereum.
Stellar follows with around $435.3 million, while Solana and Mantle host $48 million and $30.3 million, respectively. The top five protocols by market size include Securitize, Ondo, Franklin Templeton, Hashnote, and Open Eden. Completing the top ten are Superstate, Matrixdock, Backed Finance, Truefi, and Wisdomtree Prime. Blackrock’s BUIDL currently stands at $517.66 million, up from $502.81 million just 38 days ago.
Franklin Templeton’s Onchain U.S. Government Money Fund, also known as BENJI, has seen its market cap rise by $24.4 million since July 9, climbing from $400.93 million to $425.33 million. Meanwhile, the Ondo USD Yield project grew by $3.03 million during the same period, though the Ondo short-term U.S. government bond fund slipped from $214.11 million to $205.82 million.
The expansion of tokenized real-world assets ( RWAs), such as Treasuries, highlights the growing innovation at the intersection of traditional finance and blockchain technology. Advocates see this integration as a way to boost liquidity, offer fractional ownership, enable 24/7 trading, reduce intermediaries, and enhance global accessibility. Supporters believe RWAs like tokenized Treasury bonds simplify processes, enhance transparency, and enable smart contract-driven finance on a broad scale.
What do you think about the tokenized U.S. Treasuries growth over the last five weeks? Share your thoughts and opinions about this subject in the comments section below.
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