The market value of US treasures. UU. Tokenized this week exceeded $ 5 billion for the first time, as shown in the data RWA.XYZ, as the demand for real world assets based on blockchain (RWAS) is accelerated.
The asset class grew by $ 1 billion for only two weeks, led by entries to the Blackrock asset management giant and the Securitize’s Market Leading Buidl digital asset firm.
The cryptographic tokens backed by the United States Treasury bonds are at the forefront of the tokenization tendency, which have captivated a large number of global financial giants and digital asset signatures. Fidelity Investments is the last great US assets manager.
“We see promise in Tokenization and its ability to be transformers for the financial services industry by promoting transactional efficiency with access and capital allocation in all markets,” said Cynthia Lo Bessette, director of Fidelity Digital Asset Management, in a statement.
The tokenized treasure bonds allow investors to park inactive in blockchains to obtain a performance, as with a monetary market fund. Increasingly, they are also used as a reserve asset for decentralized finance protocols (DEFI). Another case of use with significant potential is to use these tokens as a guarantee in trade and asset management.
“Observing the cases of use, publishing an active tokenized as a non -monetary guarantee to meet margin requirements could improve operational infrastructure and improve capital efficiency,” he added.
His words echo Donna Milrod’s, Director of Products of State Street, another Boston asset and banking management giant that is exploring the tokenization of bonds and funds of the money market. She said in a previous interview that collateral tokens could have helped to avoid or relieve, for example, the crisis “based on responsibility” in 2022, allowing pension funds and asset administrators to use tokens of the monetary market fund for margin calls instead of liquidating their assets to raise cash.
Read more: Tokenization allows more efficient collateral transfers, digital assets, Euroclear and the World Golden Council found in Pilott Project
The growth trend will not stop soon.
Securitize said today that Buidl is on its way to exceeding $ 2 billion assets at the beginning of April from $ 1.7 billion today. Meanwhile, Spark, the Ecosystem partner of the Dai Stablecoin Sky (previously Makerdao) issuer, plans to assign $ 1 billion to Buidl, Superstate USTB and the centrifuge fund administered with Anemoy and Janus Henderson.
