Tokenized Treasuries and real-world asset (RWA) protocols have continued to indicate robust development all through 2024.
Demand for tokenized U.S. Treasuries continues to rise, with real-world asset (RWA) protocols rising considerably this yr.
Tokenized RWAs, together with treasuries, bonds, and money equivalents, have grown 35% for the reason that starting of April. Over the identical interval, the full worth locked (TVL) in Ondo Finance, one of many main RWA-focused DeFi protocols, has elevated to $507 million from $221M in April.
Main the cost is Blackrock’s $BUIDL (BlackRock USD Institutional Digital Liquidity Fund), which has grown 65% for the reason that begin of the quarter, boosting the full tokenized Treasuries market cap above $1.5 billion. Franklin Templeton’s $FOBXX (Franklin Onchain U.S. Authorities Cash Fund) additionally expanded by almost 27%.
The RWA sector is separated into tokenized Treasuries, commodities, actual property, and stablecoins. The commodities and stablecoin markets have remained comparatively flat, whereas Treasuries have commanded a lot of the consideration over the previous couple of months.
Because of this, Ondo’s native token is up 68% for the reason that finish of March, having rallied greater than six-fold since its token technology occasion in January.
