Tokenized Treasurys Surge Past $8 Billion, Fueling Institutional Adoption in Finance

The market for tokenized U.S. Treasury securities has crossed a significant milestone, reaching $8.6 billion by late October. This surge reflects a paradigm shift in the industry as institutions embrace tokenized funds as collateral in trading, credit, and repo transactions. 2023 has seen major players like BlackRock’s BUIDL gain significant traction. These digital representations of U.S. Treasury bills are increasingly used to fuel trading and lending activities across various platforms.