US Treasury tokenization has reached a new milestone, surpassing $7.45 billion in total value locked (TVL) according to Coinlive reports, marking a significant leap for the asset class since July’s correction. Institutional investors are driving this rapid growth, fueling capital allocation into blockchain-based Treasuries. Ethereum is the dominant platform for these tokenized assets, accounting for over 71% of the total TVL. BlackRock**, with its BUIDL fund, is a leading contributor to this growth, holding a 32% share of the total TVL. Franklin Templeton and WisdomTree are other notable issuers expanding into tokenized US Treasuries, underscoring their commitment to blockchain integration. These tokenized assets offer programmable features like real-time settlement, differentiating them from traditional bonds. The influx of $440 million into BlackRock’s BUIDL fund reflects the swift capital allocation towards this sector. This surge in tokenized US Treasuries has impacted DeFi liquidity, influencing overall market dynamics.