Tom Wan, an analyst at 21co, believes that tokenized US Treasurys will be hit $3 billion Decentralized Autonomous Organizations and Decentralized Fi projects are expected to adopt DeFi by 2024.
Wan says that Wan is a driver of the trend. need for diversification The high rate of interest makes these investments attractive, and they offer stability.
There are currently over 15 tokenized US Treasury Products available on Ethereum Virtual Machine chains. These products manage nearly $2 billion of assets.
The adoption of rising rates
Wan said DeFi projects are increasingly diversifying their treasuries to incorporate tokenized US Treasuries and stablecoins — signaling a major shift toward real-world assets RWAs are a part of the cryptocurrency ecosystem.
Arbitrum and MakerDAO are two notable examples, having allocated $1 billion and $27 millions, respectively, for these yield bearing products. These investments are part a larger strategy of providing risk-free earnings without exiting blockchain ecosystems, which is facilitated by financial BlackRock is one of the biggest financial giants in the world. Securitize.
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), also known as the USD Treasury Tokenized Fund, recently became the largest tokenized fund. Franklin Templeton’s BENJI fund.
BUIDL s value has increased to nearly $500 million since its launch earlier in the year — reflecting the growing demand for these assets.
Growing Poised
Over $2 billion worth of assets have been tokenized by blockchains, including the US Treasury. Ethereum, PolygonThen, Solana.
Wan predicted that this growth would continue. According to projections, the market value of tokenized US Treasuries may exceed $3 billion before the year 2024.
This integration represents a breakthrough in traditional finance with blockchain technology. DeFi products and more DAOs adopting these products will lead to a significant growth in this sector, attracting investors who are looking for reliable returns on the volatile crypto markets.
Real-world asset tokenization has the potential to revolutionize the financial sector. financial Landscape offering greater liquidity, quicker transactions and lower fees. The major financial You can find out more about the institutions by clicking here. exploring blockchain technologyThe adoption of tokenized asset is set to change the face of the financial industry.
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Source: cryptoslate.com