The size of the tokenized U.S. Treasury bond market exceeded US$700 million, an increase of nearly 6 times from the beginning of the year
2023-10-31 04:21
Odaily News According to data from the RWA monitoring platform RWA.xyz, as of press time, the size of the tokenized U.S. Treasury bond market has soared from approximately US$100 million at the beginning of the year to US$700 million, an increase of nearly 6 times. RWA.xyz co-founder Charlie You said the expansion was driven by new entrants in the space and growth of existing platforms. Data shows that existing protocols including Ondo Finance, Maple and Backed have seen considerable growth over the past few months. Meanwhile, new protocols launched in September, such as Tradeteq and TrueFi’s Adatp3r, attracted $4.5 million and $8.5 million in deposits respectively. Additionally, the U.S. Treasury token on the Ethereum chain recently surpassed the Stellar network in value, while latecomers Polygon and Solana also attracted over $40 million in assets, demonstrating the “diversified blockchain landscape of tokenized assets.” . (CoinDesk)
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