**Tokenized US Treasury Market Surges to $1.9 Billion, Data Reveals**

IconCryptoNewsTerminal Staff16 Aug, 2024

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**Tokenized US Treasury Market Surges to $1.9 Billion, Data Reveals**

The tokenized U.S. Treasury market has surpassed $1.9 billion, representing a significant milestone for the digital asset industry. Data from RWA.xyz, a leading platform for real-world asset (RWA) tokenization, confirms this notable growth. Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) has emerged as a major player in the tokenized Treasury market, with a fund size of $843 million. This fund has surpassed BlackRock's BUIDL fund, which previously held the top position with $517 million in assets. Furthermore, the market capitalization of U.S. Treasury tokens on the Ethereum blockchain has reached approximately $1.4 billion, making it the dominant network for tokenized Treasury assets. The Stellar blockchain follows with around $430 million in market capitalization. This surge in tokenized Treasury issuance reflects the growing interest in digital assets among institutional investors. Tokenization offers several advantages, including increased liquidity, transparency, and accessibility, making Treasury instruments more appealing to a broader investor base. As the tokenized Treasury market continues to expand, it is expected to play a significant role in shaping the future of digital finance and transforming the way traditional financial assets are managed and traded.