Market value of tokenized U.S. Treasuries exceeds $1.5 billion, with BlackRock BUIDL Fund as the main contributor

Odaily News The market cap of tokenized U.S. Treasuries exceeds $1.5 billion, with BlackRock’s BUIDL fund the main contributor. Tokenized RWAs (including Treasuries, bonds, and cash equivalents) have grown 35% since the beginning of April. During the same period, the total value locked (TVL) of Ondo Finance, one of the leading RWA-focused DeFi protocols, increased from $221 million in April to $507 million. BlackRock’s BUIDL (BlackRock USD Institutional Digital Liquidity Fund) led the gains, with a 65% increase since the beginning of the quarter, pushing the total market cap of tokenized Treasuries to over $1.5 billion. Franklin Templeton’s FOBXX (Franklin On-Chain U.S. Government Money Fund) also grew by nearly 27%. (The Defiant)