Tokenized Treasuries Near $6B Milestone, Led by BlackRock
The value of blockchain-based U.S. Treasuries is closing in on a new milestone, with total holdings approaching $6 billion.
These tokenized instruments, which mirror traditional government bonds but operate on public blockchains, are gaining rapid traction among institutional investors.
According to data from real-world asset platform RWA.xyz, the total value locked (TVL) in tokenized treasuries has surged from $4.01 billion in January to approximately $5.95 billion—around 40% increase in just a few months.
This sharp growth signals increasing institutional confidence in blockchain’s potential to modernize fixed-income markets, bringing transparency, efficiency, and global access to what has traditionally been a legacy financial product.
BlackRock’s BUIDL Leads the Charge
Dominating the space is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which now manages $2.47 billion—about 42% of the entire tokenized treasury market. In just the past month, BUIDL’s value jumped 92%, reflecting its aggressive expansion and investor interest.
Ethereum remains the fund’s blockchain of choice, holding more than 91% of BUIDL’s assets—around $2.3 billion in tokenized treasuries.
Institutional Momentum Continues
As tokenized assets mature and real-world applications expand, blockchain-based treasuries appear poised to reshape fixed-income investing. With the $6 billion mark now within reach, the sector could soon set new records—cementing its role in the evolving digital asset landscape.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
