Data: Tokenized U.S. Treasuries exceed 600 million dollars

2023-07-12 08:27:51

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ChainCatcher news, according to Coindesk, based on the compilation by real-world asset data company RWA.xyz, the market value of tokenized, blockchain-based investment products that package U.S. Treasury bills, bonds, and money market funds has reached a total of $614 million.

Cryptocurrency investors' demand for tokenized government bonds has been steadily increasing, as the yields on U.S. government bonds (widely regarded as a risk-free rate) have surpassed the yields in decentralized finance (DeFi), with the current Federal Reserve raising interest rates to the highest level since 2007. Additionally, this year, investor-focused blockchain-based government bond products have been issued by companies such as OpenEden, Ondo Finance, and Maple Finance. (Source link)

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