Tokenized US Treasuries are approaching a record $6 billion in value, driven by institutional adoption and BlackRock’s BUIDL fund. Blockchain-based bonds merge traditional yield with on-chain efficiency, signaling a shift in fixed-income markets.
- BlackRock's BUIDL fund holds $2.47B, capturing 42% of the tokenized Treasury market.
- Ethereum hosts 91% of BUIDL's supply ($2.3B), with smaller allocations on Arbitrum and Avalanche.
- Franklin Templeton and Fidelity are launching competing tokenized Treasury products.
📎 Related coverage from: cryptoslate.com
