Investors pile $1B into tokenized treasuries during April
Tokenized treasuries products enjoyed significant growth during April, with investors injecting more than $1 billion into the sector since April 1.
The funds are enjoying a banner year, with the TVL of tokenized treasuries sitting at nearly $6.16 billion after jumping 78% from late January’s local low of $3.47 billion.
BUIDL’s dominance grows
The dominance of BlackRock’s BUIDL fund continues to grow, driving 64% of inflows over the past 30 days with $621.7 million, according to rwa.xyz. BUIDL now boasts a TVL of nearly $2.56 billion and accounts for 41.5% of the sector’s combined TVL.
BUIDL’s TVL is up 303% from $635.7 million on January 22, while its dominance over the sector has more than doubled from 18.3% over the same period.
Despite BUIDL expanding onto new chains in recent months, Ethereum accounts for more than 95% of the fund’s TVL with almost $2.44 billion. BUIDL went live on Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon on November 17 and deployed on Solana on March 25. Each alternative chain hosts between $20 million and $55 million in TVL.
While Larry Fink, BlackRock’s CEO, praised tokenization as a vehicle for democratization in his annual letter to shareholders published on March 31, only four wallets hold nearly 80% of BUIDL’s assets.
Superstate’s USTB emerges among leading tokenized treasuries funds
Superstate’s USTB fund continues to climb the tokenized treasuries rankings. The fund now boasts a TVL of $652.6 million after growing by $292 million or 81% in 30 days. USTB’s TVL is also up 182% since the start of the year.
USTB is rapidly closing in on Franklin Templeton’s BENJI fund, which ranks as the sector’s second-largest product with $707.8 million. BENJI’s TVL has trended sideways since March, growing by just 4.39% in the past six weeks.
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Investors pile $1B into tokenized treasuries during April
Tokenized treasuries products enjoyed significant growth during April, with investors injecting more than $1 billion into the sector since April 1.
The funds are enjoying a banner year, with the TVL of tokenized treasuries sitting at nearly $6.16 billion after jumping 78% from late January’s local low of $3.47 billion.
BUIDL’s dominance grows
The dominance of BlackRock’s BUIDL fund continues to grow, driving 64% of inflows over the past 30 days with $621.7 million, according to rwa.xyz. BUIDL now boasts a TVL of nearly $2.56 billion and accounts for 41.5% of the sector’s combined TVL.
BUIDL’s TVL is up 303% from $635.7 million on January 22, while its dominance over the sector has more than doubled from 18.3% over the same period.
Despite BUIDL expanding onto new chains in recent months, Ethereum accounts for more than 95% of the fund’s TVL with almost $2.44 billion. BUIDL went live on Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon on November 17 and deployed on Solana on March 25. Each alternative chain hosts between $20 million and $55 million in TVL.
While Larry Fink, BlackRock’s CEO, praised tokenization as a vehicle for democratization in his annual letter to shareholders published on March 31, only four wallets hold nearly 80% of BUIDL’s assets.
Superstate’s USTB emerges among leading tokenized treasuries funds
Superstate’s USTB fund continues to climb the tokenized treasuries rankings. The fund now boasts a TVL of $652.6 million after growing by $292 million or 81% in 30 days. USTB’s TVL is also up 182% since the start of the year.
USTB is rapidly closing in on Franklin Templeton’s BENJI fund, which ranks as the sector’s second-largest product with $707.8 million. BENJI’s TVL has trended sideways since March, growing by just 4.39% in the past six weeks.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Read More
Treasury yields stay high as Trump’s tax bill stokes fiscal fears