April has been a successful month for the tokenized treasuries sector, witnessing over $1 billion in investments and a total asset value of $6.16 billion.
Tokenized Treasuries Metrics
In April, the tokenized treasuries fund marked significant growth, increasing its TVL (Total Value Locked) to nearly $6.16 billion, which is a 78% increase since January, where it stood at $3.47 billion.
BUIDL Fund Dominance
BlackRock's BUIDL fund continues to dominate, driving 64% of inflows over the past 30 days, amounting to $621.7 million. BUIDL's TVL has reached nearly $2.56 billion, accounting for 41.5% of the sector’s total TVL. Its share of the sector has more than doubled from 18.3% during the same period, with over 95% of its assets still on Ethereum.
USTB Rising in Rankings
Superstate's USTB fund continues to climb the rankings of tokenized treasuries, boasting a TVL of $652.6 million, which reflects an 81% increase over the last month. USTB is swiftly closing in on Franklin Templeton's BENJI fund, which ranks second with a TVL of $707.8 million.
April has been a pivotal month for tokenized treasuries, showcasing significant investments and growth in key funds like BUIDL and USTB.
