The market value of tokenized U.S. Treasuries exceeds $1.5 billion, with BlackRock’s BUIDL Fund as the main driving force

BlockBeats reported that according to The Defiant, the market value of tokenized U.S. Treasuries has increased significantly this year and now exceeds $1.5 billion. Tokenized RWAs (including Treasuries, bonds, and cash equivalents) have increased by 35% since the beginning of April. During the same period, the total locked value of Ondo Finance, one of the leading RWA-focused DeFi protocols, increased from $221 million in April to $507 million.

Leading the gains is BlackRock's BUIDL (BlackRock Dollar Institutional Digital Liquidity Fund), which has increased by 65% since the beginning of this quarter, pushing the total market value of tokenized Treasuries to more than $1.5 billion. Franklin Templeton's FOBXX (Franklin On-Chain U.S. Government Money Fund) also increased by nearly 27%.