The tokenized US Treasuries market has experienced significant growth this year, with a record high of 2,143 holders as of June 18th, representing a 250% increase year-to-date. Leading the market is the Ondo Short-Term US Government Bond Fund (USDY) with 1,054 holders and over $218 million in tokenized bonds. On the other hand, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has nearly $463 million in tokenized US Treasuries but only has 14 holders, as it is exclusively reserved for qualified institutional investors with a $5 million minimum investment requirement.
The Franklin OnChain U.S Government Money Fund (FOBXX), managed by Franklin Templeton, is the second-largest in terms of both number of holders and tokenized assets. With 430 holders and over $344 million in tokenized assets, FOBXX has seen significant growth in the tokenized US Treasuries market. The Government Money Market Digital Fund (WTGXX), managed by WisdomTree, has over 100 holders and has experienced a 950% increase in holders this year, with 152 investors holding digitally represented shares.
In June alone, over $136 million worth of tokenized fund shares were issued, while $35 million were burned as investors claimed their assets. The tokenized US Treasuries market reached a new all-time high of $1.57 billion on June 17th, marking a 118% increase year-to-date. This growth signifies the increasing interest and participation in tokenized US Treasuries, as more investors look to digital assets for investment opportunities.
Overall, the tokenized US Treasuries market is seeing significant growth and interest from investors, with more funds and investors participating in the digital asset space. The market continues to expand and reach new milestones, highlighting the potential for digital assets to revolutionize traditional financial markets. As more investors become aware of the benefits and opportunities that tokenized US Treasuries offer, we can expect to see continued growth and innovation in the digital asset space.