The marketplace for tokenized U.S. Treasury securities is projected to exceed $3 billion by the tip of 2024
The marketplace for tokenized U.S. Treasury securities is projected to exceed $3 billion by the tip of 2024, pushed by their steady yields and safety throughout market volatility, in accordance with analysts from 21.co.
A current report from EY Parthenon highlights growing institutional curiosity in tokenized property for portfolio diversification.
In a big improvement, Bake, a crypto super-app, has partnered with OpenEden Labs to supply tokenized U.S. Treasury Payments (T-bills) with an annual share yield (APY) of 5.0%.
Moreover, OpenEden is launching tokenized T-bills on the XRP Ledger, backed by short-term U.S. T-bills and reverse repurchase agreements.
Ripple can be establishing a $10 million fund to put money into these tokenized T-bills, additional emphasizing the rising demand for such property, that are at the moment valued at roughly $1.92 billion.
That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra data, together with article sources, go to DeepNewz.
