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Tokenized Treasuries on Public Blockchains Surpass $1 Billion

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United States Treasurys tokenized on public blockchains have surpassed $1 billion in assets, with traditional financial firms loading securities on-chain. The majority of these assets are based on the Ethereum, Polygon, and Stellar networks.

This week’s Crypto Biz explores the rise of tokenization markets, PayPal’s stablecoin, SushiSwap’s move to a “Labs model,” and the U.S. SEC’s decision to defer Bitcoin ETF options.

“The growth in tokenized treasuries on public blockchains like Stellar is a result of more asset issuers recognizing blockchain technology makes good business sense,” Paul Wong, director of product, CBDCs and institutions at the Stellar Foundation, told Cointelegraph. By volume, tokenized securities represent the largest asset class on the Stellar network, with a total tokenized market cap of over $430 million as of late March. “Blockchain is here to stay and is the future. We expect to see exponential growth in tokenization in the next few years,” said Wong.

 

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