Investors pile $1B into tokenized treasuries during April

News

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.

TVL of tokenized treasuries
TVL of tokenized treasuries. Source: rwa.xyz.

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.

BUIDL TVL
BUIDL TVL. Source: rwa.xyz.

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 TVL
USTB TVL. Source: rwa.xyz

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: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply