Tokenized U.S. Treasuries Surge Past $10 Billion Amid Institutional Demand
The market for tokenized U.S. Treasuries has eclipsed $10 billion in total value for the first time, fueled by accelerating institutional interest in real-world asset tokenization. On-chain data reveals a 7.59% weekly growth, with 59,000 holders across 64 assets now earning an average 7-day APY of 3.28%.
Circle's USYC leads the sector with $1.69 billion in market capitalization, followed closely by BlackRock's BUIDL at $1.68 billion and Ondo's USDY at $1.20 billion. These digital instruments represent a bridge between traditional finance and blockchain innovation, offering yield-bearing tokens backed by actual Treasury notes.
The milestone reflects deepening institutional participation in crypto-native financial products. As yields compress from last week's 5.28% to 3.28%, the market appears to be prioritizing accessibility and liquidity over absolute returns.
