Wall Street’s Wild Ride: Tokenized Treasuries Hit $7B, Blackrock’s BUIDL Almost There!

In a world where numbers dance like fireflies on a summer night, tokenized U.S. Treasury bonds have leaped over the $7 billion mark, adding a sprightly $54 million just last week. It seems the big players are not just playing; they’re winning, with some funds delivering returns that would make a gambler blush. Meanwhile, Blackrock’s BUIDL is just a hop, skip, and a jump away from the $3 billion finish line, a mere $101 million to go. Talk about a nail-biter! 🎢

Tokenized Treasuries: The New Gold Rush for Yield Hunters

As of Friday, May 23, 2025, the total value of all tokenized U.S. Treasury funds has reached a staggering $7.05 billion. Over the past month, this figure has swelled by $1.15 billion, with $54 million added in just the last week. The star of the show? The Centrifuge-powered Janus Henderson Anemoy Treasury Fund (JTRSY), which has skyrocketed by an astonishing 85%. Who knew bonds could be so thrilling? 🎉

According to the wise folks at the rwa.xyz analytics platform, JTRSY is sitting pretty with $409 million in assets. Hot on its heels is Wisdomtree’s Government Money Market Digital Fund (WTGXX), which has seen a respectable 48.89% gain, currently valued at around $164 million. And let’s not forget the Ondo U.S. Dollar Yield Fund (USDY) and the Ondo Short-Term US Government Bond Fund (OUSG), which have collectively advanced by 23.18% since April 23. It’s like a race where everyone wins! 🏁

This month’s leading fund is the Securitize-powered BUIDL, which has climbed 15.17% and is inching closer to that coveted $3 billion milestone. Currently, Blackrock’s BUIDL boasts a market cap of about $2.899 billion. Franklin Templeton’s Benji Investments—also known as the Franklin Onchain U.S. Government Money Fund (BENJI)—has gained 7.69% over the past month, trailing just behind BUIDL at $758 million. Meanwhile, Spiko’s U.S. T-Bills Money Market Fund (USTBL) has advanced about 3%, currently valued at roughly $73.11 million. It’s a financial buffet, and everyone’s feasting! 🍽️

Approximately $5.9 billion worth of tokenized Treasury assets have been issued on the Ethereum blockchain, with another $482 million lounging on Stellar. The rest is scattered across Solana, Arbitrum, Avalanche, and smaller networks like Polygon, XRP Ledger, and SUI. In total, 46 distinct tokenized Treasury instruments are circulating across these platforms, held by about 18,269 unique addresses, according to the stats from rwa.xyz. It’s a digital treasure hunt! 🗺️

Some tokenized Treasury assets are like exclusive clubs, reserved for accredited investors, while others are open to the masses. Holding coins from these funds—like USDY—means you’re raking in yield just by keeping them in your wallet. But beware! To join this party, you must complete the Know Your Customer (KYC) protocols, as no prominent institutional-grade issuer will let you in without a proper ID check. It’s like trying to get into a nightclub with a fake ID—good luck with that! 🍸

Despite the hurdles, these real-world asset (RWA)-backed tokens are riding a wave of demand that’s hard to ignore. It’s a wild world out there, folks! 🌊

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2025-05-24 17:28

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