Tokenized treasuries reached a new $4.6 billion high, driven by Securitize and Ondo Finance each exceeding $1 billion in assets.
Securitize and Ondo Finance: Surpassing the $1 Billion Mark
Securitize announced its BUIDL fund with BlackRock has achieved over $1 billion in assets, while Ondo Finance has reached $1.1 billion with their OUSG and USDY tokens. This growth highlights the increasing trust in tokenized securities. According to Dune Analytics, TVL in such protocols recently rose by 15%.
Traditional Finance Integrates with DeFi
The growth of tokenized treasuries incorporates traditional assets like treasuries into the crypto ecosystem. This expansion may encourage other financial institutions to explore similar asset tokenization ventures. Ondo Finance's CEO emphasized the importance of bridging traditional finance and DeFi.
Tokenization Echoes ETF Adoption Trends
The adoption of tokenization resembles similar trends with digital assets in finance, like the introduction of Exchange Traded Funds (ETFs). These developments often lead to increased market participation and liquidity. Experts like Raoul Pal from Real Vision see the $4.6 billion milestone as pivotal, predicting faster convergence of traditional and crypto finance.
Achieving $4.6 billion in tokenized treasuries signifies a global interest in integrating traditional finance into decentralized systems, promising to transform the financial ecosystem.
