$2 Billion Market Cap: Tokenized Treasuries Register Explosive Growth

Quick Summary:

The tokenized treasuries market finally assembled a $2 billion market capitalization, which took precisely 151 days instead of 452 days.

Heavy institutional investments are at the root of this remarkable growth, with the biggest players being none other than BlackRock.

Among other well-known funds growing less impressively are Franklin Templeton’s OnChain US Government Money Fund, FOBXX, and the US Dollar Yield from Ondo Finance, USDY.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryThailand

Topics: Digital currency Crypto Crypto News Bitcoin Tokenized Treasuries

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 15:00:07 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22282484

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 9 hours ago

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