Tokenised US Treasury Products Cross $2 Billion Mark

The combined value of on-chain tokenised US Treasury products has continued to grow, according to RWA.xyz, driven primarily by BlackRock's BUIDL, Franklin Templeton's OnChain US Government Money Fund and Ondo Finance's OUSG. Newer entrants from Superstate and WisdomTree have also gained share.

Institutional users typically access the products through Securitize or through direct subscription channels, using them either as on-chain cash management vehicles or as collateral in permissioned trading and lending arrangements.

Yields broadly track short-dated US Treasury rates, adjusted for fund-level fees.