BlackRock’s BUIDL Leads Surge as Tokenized Treasury Funds Cross $2 Billion
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Tokenized Treasury funds have surpassed $2 billion in market capitalization, driven by rapid growth in offerings like BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
According to data released by RWA.xyz, this surge highlights the increasing popularity of digital representations of U.S. government bonds, which are now being traded as tokens on various blockchain platforms, including Ethereum.
The $2 billion milestone was reached just five months after reaching the $1 billion mark. BlackRock’s BUIDL fund, among others, has been a significant contributor to this growth, reflecting a broader trend of investors seeking to diversify through tokenized assets.
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