Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
U.S. Treasuries are a gateway for real-world asset tokenization efforts, as crypto firms and global financial heavyweights race to put traditional instruments such as bonds on blockchain rails.
BlackRock's first tokenized asset fund is off to a strong start, garnering a significant market share of the blockchain-based tokenized U.S. Treasury market just a week following its debut.shows that BlackRock's BUIDL raked in $245 million of deposits as of Wednesday. Its strong introduction propelled the fund into second place among peers, trailing only Franklin Templeton's Franklin OnChain U.S.
U.S. Treasuries are a gateway for tokenization efforts as a low-risk, well-known instrument where investors can park their on-chain cash and earn stable yield without leaving the blockchain ecosystem. The tokenized Treasury market has mushroomed over the past year, growing nine-fold from $100 million in early 2023.BlackRock's BUIDL token on the Ethereum blockchain, created with asset tokenization platform Securitize, represents investment in a fund that holds U.S.
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