ChainCatcher news, according to Cointelegraph, the digital securities exchange Bitfinex Securities is conducting the first public offering of tokenized U.S. Treasury bills (T-bills) under the legal framework of El Salvador. As part of this issuance, the El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token with the trading code USTBL. This token aims to provide investors with an opportunity to invest in short-term U.S. Treasury bills denominated in U.S. dollars (USD).The initial offering by Bitfinex Securities aims to raise at least $30 million to continue the issuance of tokens, with the initial subscription period starting on November 19, 2024, and ending on November 29. According to Bitfinex Securities, this sale is the "first regulated" tokenized U.S. Treasury product based on Bitcoin technology. The new token will be issued on the Bitcoin Layer 2 network Liquid Network, and it is expected to provide an annualized yield to maturity of 5.02%. Proceeds from this issuance will be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which is a publicly listed ETF designed to track the investment results of an index composed of U.S. Treasury bonds denominated in U.S. dollars issued by the U.S. Department of the Treasury.

ChainCatcher message, based on data from the RWA monitoring platform RWA.xyz, as of August 25, the market size of tokenized U.S. Treasury bonds is $2 billion, currently at $2.02 billion. Among them, BlackRock's BUIDL fund has a size of $502 million, ranking first; followed by Franklin Templeton's FOBXX fund, which has a size of $425 million.It is worth mentioning that Ondo Finance's total TVL (market value of tokenized U.S. Treasury bonds) exceeds $540 million (including OUSG and USDY), ranking first among all protocols.In addition, the market value of U.S. Treasury bond tokens on the Ethereum chain is approximately $1.45 billion, ranking first among all networks, followed by Stellar (approximately $430 million).

ChainCatcher message, based on data from the RWA monitoring platform RWA.xyz, as of August 15, the market size of tokenized U.S. Treasury bonds has surpassed $1.9 billion, currently at $1.92 billion; it has increased by $110 million since July 9, 2024, rising 6.08% in about five weeks. Among them, the FOBXX fund from Franklin Templeton has a size of $843 million, surpassing BlackRock's BUIDL fund ($517 million).In addition, the market capitalization of U.S. Treasury bond tokens on the Ethereum chain is approximately $1.4 billion, ranking first among all networks, followed by Stellar (approximately $430 million).

ChainCatcher news, the tokenization platform OpenEden will launch tokenized U.S. Treasury bills (T-bills) to the XRP Ledger and its users. OpenEden's TBILL token is backed by short-term U.S. Treasury bills and reverse repurchase agreements collateralized by U.S. Treasury bills.In addition, Ripple will provide $10 million in support for this token.

ChainCatcher news, Layer 1 blockchain network Injective announced on its official blog that the Mountain Protocol will launch today on Injective, bringing the first native yield stablecoin (USDM) to the Injective ecosystem.Users can now utilize USDM to develop various dApps built on Injective while still earning yields from U.S. Treasury bonds. Potential use cases include using USDM as collateral when trading derivatives, employing the asset in lending protocols, or deploying the asset to various money market platforms on Injective.

ChainCatcher news, according to Dune Analytics data, the scale of tokenized asset management of U.S. Treasury bonds on the blockchain exceeds 1 billion dollars, reaching 1.073 billion dollars. Among them:· Franklin Templeton has an asset management scale of 360 million dollars, ranking first;· Securitize has an asset management scale of 240 million dollars, ranking second;· Mountain Protocol has an asset management scale of 150 million dollars, ranking third.

ChainCatcehr message, the tokenized U.S. Treasury bonds of the decentralized investment protocol Ondo Finance are now live on Injective. Users will be able to access the tokenized notes USDY, backed by U.S. Treasury bonds, by bridging USDY from Ethereum to Injective using Injective Hub or through a variety of native dApps built on Injective.

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)