Over $1B in US Treasurys have now been tokenized on-chain

📆 3/28/2024 5:09 AM
📰 Cointelegraph

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The blockchain tokenization market has surpassed $1 billion, with Franklin Templeton’s FOBXX and BlackRock’s recently launched BUIDL product leading the way.

The new milestone was reached shortly after the launch of BlackRock's first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week.

BlackRock’s product, tickered “BUIDL,” was launched on Ethereum on March 20 and now boasts a market cap of $244.8 million.to Etherscan, four transactions to the fund totaling $95 million over the week added a boost to the fund, making it the second largest tokenized government securities fund.

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