Is the 'RWA' Era Coming... Tokenized US Treasury Market Surpasses 7.35 Trillion KRW

Uk Jin

Summary

It was reported that the size of the tokenized US Treasury market has surpassed $5 billion, indicating a vibrant market.
It was stated that the BUIDL product by BlackRock and Securitize accounts for 34% of the entire market, playing a leading role.
With Fidelity planning to launch a tokenized money market fund, market expansion is anticipated.

There is a growing interest in blockchain-based Real World Assets (RWA). Many asset management companies have entered the tokenized US Treasury market, with the market size surpassing $5 billion (approximately 7.35 trillion KRW).

On the 25th (local time), the cryptocurrency-focused media outlet CoinDesk reported, citing data from rwa.xyz, that the market size of the US Treasury market has surpassed $5 billion for the first time. This represents a 10.37% increase from the previous week.

As of today, the leading product in the tokenized US Treasury market is BUIDL, a joint product of BlackRock and Securitize. BUIDL's total management size has surpassed $1.7 billion, accounting for 34% of the entire market.

Meanwhile, the size of the tokenized US Treasury market is expected to grow further. This is due to the official entry of another major US asset management company, Fidelity. Last week, Fidelity applied for approval from the Securities and Exchange Commission (SEC) to launch the tokenized money market fund 'Fidelity Treasury Digital Liquidity'. Regarding this, John Doe, Vice President of Fidelity Digital Assets, stated, "We are excited to provide innovative investment solutions to our clients through blockchain technology."