Data from rwa.xyz shows that the combined market value of tokenized US Treasuries has surpassed $5 billion for the first time, with the BlackRock BUIDL fund leading the way. Demand for blockchain-based real-world assets (RWA crypto) is growing at an accelerated rate with Fidelity Investments the latest US asset manager looking to gain exposure.
The tokenized Treasury asset class grew by $1 billion in the two weeks alone. This was boosted by inflows into BlackRock and digital asset firm Securitize’s market-leading BUIDL fund.
(rwa.xyz)
President Trump And His Pro-Crypto Administration Causing Demand For Tokenized US Treasuries: Fidelity Investments Are Next Up
Crypto tokens backed by US Treasuries are leading the uptick in the tokenization trend. President Trump has launched USD1, a stablecoin, via his World Liberty Financial DeFi project.
It is backed 1:1 with US Treasuries, USD, and other cash equivalents, further adding to the hype in the RWA space. Fidelity Investments is the latest prominent US-based asset manager looking to create a tokenized money market fund. Just last week, it filed for regulatory approval to launch its Fidelity Treasury Digital Liquidity on the Ethereum blockchain.
According to @AggrNews, Fidelity is launching tokenized fund investing in U.S. Treasury Bills
This is, of course, built on Ethereum pic.twitter.com/MYDHrOGhtU
— eric.eth (@econoar) March 22, 2025
“We see promise in tokenization and its ability to be transformative to the financial services industry by driving transactional efficiencies with access and allocation of capital across markets,” Cynthia Lo Bessette, head of Fidelity Digital Asset Management, said in a statement.
She went on to add, “In looking at use cases, posting a tokenized asset as non-cash collateral to satisfy margin requirements could improve operational infrastructures and enhance capital efficiency.”
Tokenized Treasuries allow investors to park idle cash across the blockchain to earn a yield, similar to a traditional money market fund. They are also increasingly being used as a reserve asset for DeFi protocols.
BUIDL Fund By BlackRock Leading The Way For The RWA Sector
BlackRock USD Institutional Digital Liquidity Fund $BUIDL, with a total asset value of over $1.7 billion, is now available on @solana
tokenization by @Securitize
interoperability by @Wormhole pic.twitter.com/2RrCcbCMIr— Wormhole (@wormhole) March 25, 2025
Securitize said earlier today that BUIDL is on track to surpass $2 billion in assets by early April. That outlook seems pessimistic, as rwa.xyz shows BUIDL sitting at $1.93 billion right now. However, with the increasingly positive sentiment around the RWA industry, BUIDL will likely pass $2 billion before April 1.
One large upcoming investment in BUIDL will likely come from Spark, the ecosystem partner of DAI stablecoin issuer Sky (formerly MakerDAO). Spark has announced plans to allocate $1 billion across BUIDL, Superstate’s USTB, and Centrifuge’s tokenized asset fund.
It was just yesterday announced that the BlackRock tokenized fund is now available on Solana via bridging juggernaut Wormhole. As of right now, the BUIDL dashboard on rwa.xyz hasn’t been updated to include the Solana investment, but once it does, that alone could take the fund over $2 billion.
BlackRock has continued to add ETH to BUIDL on every dip, and the latest dip was no different. The fund now holds over 1.39 billion ETH tokens, and APTOS is its second largest holding, with over 53.2 million tokens held.
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The RWA is going crazy right now as BlackRock's BUIDL fund nears $2 billion and Fidelity Investments looking to create its own fund
- Tokenized US Treasuries are all the rage right now, with the worlds largest asset managers all looking to get on-board
- BUIDL is now available on Solana via the Wormhole bridge which will likely lead to it surpassing $2b before April
- BTC Bull (BTCBULL) presale smashes past $4 million in funding with its BTC airdrops beginning once Bitcoin hits $125k
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