- BlackRock’s tokenized US Treasury fund, BUIDL, surpassed $500 million in market worth.
- The general marketplace for tokenized US Treasury merchandise has grown to $1.8 billion, indicating progress within the RWA sector.
BlackRock’s tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund, has seen vital progress inside the first 4 months of its launch as its market worth surpassed $500 million, making it the primary tokenized US Treasury product to attain such a milestone.
This progress has been pushed by the rise in tokenized funds as the entire marketplace for tokenized US Treasuries is price $1.8 billion. At a worth of $500 million, BlackRock controls 27% of that market and far of this dominance is because of different protocols like Oando, which use BUIDL to assist their yield-bearing merchandise.
RWA is rising
Based on rwa.xyz, an information supplier, the on-chain Treasury market has doubled in measurement this 12 months to $1.8 billion, as institutional buyers search out U.S. Treasuries as a low-risk funding.
Nonetheless, the preferred RWA asset stays tokenized personal loans, comprising $12 billion in whole loans supplied by all protocols, with the most important portion originated by protocols like Determine ($8.3 billion), Maple ($1.9 billion), and TrueFi ($1.7 billion).
Majority of the RWA market remains to be positioned right here. Ethereum community.
BlackRock is in good firm
BlackRock isn’t the one agency with a tokenized fund. Franklin Templeton, a US-based asset supervisor, presents a tokenized US Treasury fund with a market worth of about $400 million. Hashnote additionally runs a fund with a market worth of $118.86 million. Different protocols embody Oando, Maple, TrueFi, Superstate and Open Eden, all of which have recorded vital progress this 12 months.
