The value of tokenized U.S. Treasury assets has reached a new milestone, exceeding $8.6 billion. This signifies a significant shift towards integrating real-world assets (RWAs) within digital financial systems. Once primarily used for passive investments, these assets are now being utilized as collateral in trading, lending, and repo activities, blurring the lines between traditional finance and blockchain technology. Major institutional players like BlackRock, Circle, Franklin Templeton, and Fidelity are driving this transition. This growth is fueled by infrastructure advancements such as interoperability between banks and blockchains facilitated by ISO 20022 messaging standards.