BlackRock has successfully tokenized over 1 billion dollars in U.S. Treasuries on various blockchain networks like Ethereum, Polygon, and Solana. Their product, BUIDL, has a market value of 244.8 million dollars, trailing behind Franklin Templeton's FOBXX fund which holds 360.2 million dollars. Data from Etherscan and Dune Analytics dashboard shows significant activity in the tokenization of U.S. Treasury bonds, with BlackRock receiving a substantial deposit from Ondo Finance to support its fund. Tokenized government treasuries are seen as a lucrative investment opportunity in the current market environment, with blockchain tokenization expected to revolutionize capital markets by 2030. Ethereum remains a key player in the tokenization of real-world assets, with other firms like WisdomTree also venturing into this space.