The size of the tokenized U.S. Treasury bond market exceeded US$700 million, an increase of nearly 6 times from the beginning of the year

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Cointime2023/10/31 04:39

By:Cointime

According to data from the RWA monitoring platform RWA.xyz, as of the time of publication, the tokenized US Treasury market has surged from about $100 million at the beginning of the year to $700 million, an increase of nearly six times. Charlie You, co-founder of RWA.xyz, said that new entrants and the growth of existing platforms have driven this expansion. Data shows that existing protocols, including Ondo Finance, Maple, and Backed, have seen significant growth in recent months. Meanwhile, new protocols launched in September, such as Tradeteq and TrueFi's Adatp3r, have attracted deposits of $4.5 million and $8.5 million, respectively. In addition, the value of tokenized US Treasury bonds on the Ethereum blockchain recently surpassed that of the Stellar network, and newcomers Polygon and Solana have also attracted over $40 million in assets, indicating a "diverse blockchain future for tokenized assets."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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