The market value of tokenized U.S. Treasury bonds exceeds $1.50 billion
2024-06-15 14:14:14
With Franklin Templeton's use of USDC to enable tokenized fund purchases, the market cap of tokenized U.S. Treasuries has surpassed $1.50 billion, increasing RWA by 35% since April. BlackRock's BUIDL fund is a major contributor driving this growth, growing 65% since April, while Franklin Templeton's FOBXX money market fund is up 27%. Additionally, Franklin Templeton recently announced that it will support USDC as an on/off channel for the fund.
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