Tokenized U.S. Treasury Market Value Surpasses $8 Billion

The tokenized U.S. Treasury securities market has witnessed substantial growth, reaching a market capitalization of $8.6 billion by late October. This represents a significant surge from the $7.4 billion mark recorded in mid-September, according to PANews reports. BlackRock’s BUIDL platform currently holds the leading position with approximately $2.85 billion in assets under management. Circle’s USYC follows closely at $866 million, while Franklin Templeton’s BENJI has accumulated $865 million. Notably, Fidelity’s newly launched tokenized money market fund has also seen impressive growth, reaching a market value of $232 million.