Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains

The market for tokenized U.S. Treasury debt is booming.Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain. The market value has risen nearly 10-fold since January last year and 18% since traditional finance giant, with a tokenized value of $245 million, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund – one share of which is represented by the BENJI token – which led the pack with $360.

Investing in tokenized Treasuries can help crypto investors diversify their portfolio, allowing them to settle transactions on any given day.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Source: Financial Digest (financialdigest.net)

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