Tokenized US Treasuries have broken a major barrier, surpassing $3 billion in total value, said RWA.xyz, one of the leading data and analytics platforms for tokenized real-world assets.
This market only crossed $2 billion just 90 days ago. The latest run-up is a function of the success Hashnote has enjoyed with USYC. At the beginning of 2024, the total value of tokenized treasuries was hovering under $750 million, representing a rise of 300% year-over-year.
Tokenized Assets Surge 32% in 2024, US Treasuries Break $3B Barrier
According to the analytics platform RWA.xyz, 2024 has indeed been an important year for the tokenization of assets. The total market capitalization of tokenized assets increased by 32%. Tokenized US Treasuries have, therefore, broken a major barrier, surpassing $3 billion in total value in only 90 days.
If one excludes stablecoins, the different classes of tokenized assets have been expanding rapidly. According to data, tokenized US Treasuries are up 179%, private c
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