Tokenized Treasuries Are An Emerging Asset Class, But RWA Adoption May Take Time

Demand for tokenized treasuries is on the rise. Recent data indicates that more than $1 billion in treasury notes has been tokenized on public blockchain networks. Andrew O’Neill, Digital Assets Managing Director of S&P Global Ratings, told Crypto News that the recent launch of BlackRock’s BUIDL fund – currently the world’s largest tokenized treasury fund – seems to be accelerating this trend. “As shown in the chart, the launch of the BUIDL fund has steepened growth in outstanding volume,” said O’Neill.