• bitcoinBitcoin (BTC) $ 110,487.00
  • ethereumEthereum (ETH) $ 4,570.57
  • xrpXRP (XRP) $ 2.94
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 852.02
  • solanaSolana (SOL) $ 191.73
  • usd-coinUSDC (USDC) $ 0.999806
  • staked-etherLido Staked Ether (STETH) $ 4,554.90
  • tronTRON (TRX) $ 0.350392
  • dogecoinDogecoin (DOGE) $ 0.214859
  • cardanoCardano (ADA) $ 0.857106
  • wrapped-stethWrapped stETH (WSTETH) $ 5,511.03
  • chainlinkChainlink (LINK) $ 24.42
  • hyperliquidHyperliquid (HYPE) $ 46.69
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,917.91
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,663.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,894.02
  • stellarStellar (XLM) $ 0.393024
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • suiSui (SUI) $ 3.44
  • bitcoin-cashBitcoin Cash (BCH) $ 542.98
  • wethWETH (WETH) $ 4,571.64
  • avalanche-2Avalanche (AVAX) $ 23.85
  • hedera-hashgraphHedera (HBAR) $ 0.237074
  • leo-tokenLEO Token (LEO) $ 9.62
  • litecoinLitecoin (LTC) $ 112.50
  • the-open-networkToncoin (TON) $ 3.15
  • usdsUSDS (USDS) $ 0.999603
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • crypto-com-chainCronos (CRO) $ 0.202555
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998791
  • whitebitWhiteBIT Coin (WBT) $ 43.30
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,550.00
  • uniswapUniswap (UNI) $ 9.85
  • polkadotPolkadot (DOT) $ 3.85
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.62
  • aaveAave (AAVE) $ 334.15
  • moneroMonero (XMR) $ 269.50
  • daiDai (DAI) $ 0.999867
  • pepePepe (PEPE) $ 0.000010
  • ethenaEthena (ENA) $ 0.637136
  • mantleMantle (MNT) $ 1.19
  • okbOKB (OKB) $ 169.81
  • ethereum-classicEthereum Classic (ETC) $ 21.58
  • bittensorBittensor (TAO) $ 330.69
  • nearNEAR Protocol (NEAR) $ 2.48
  • aptosAptos (APT) $ 4.35
  • ondo-financeOndo (ONDO) $ 0.927247
  • jito-staked-solJito Staked SOL (JITOSOL) $ 235.17
  • arbitrumArbitrum (ARB) $ 0.540208
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,565.59
  • pi-networkPi Network (PI) $ 0.342513
  • internet-computerInternet Computer (ICP) $ 5.03
  • usd1-wlfiUSD1 (USD1) $ 0.999995
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.086565
  • algorandAlgorand (ALGO) $ 0.254414
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.240827
  • vechainVeChain (VET) $ 0.024754
  • binance-staked-solBinance Staked SOL (BNSOL) $ 203.75
  • cosmosCosmos Hub (ATOM) $ 4.49
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,166.57
  • gatechain-tokenGate (GT) $ 17.02
  • fasttokenFasttoken (FTN) $ 4.54
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031008
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,780.07
  • susdssUSDS (SUSDS) $ 1.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.31
  • render-tokenRender (RENDER) $ 3.54
  • worldcoin-wldWorldcoin (WLD) $ 0.915242
  • sei-networkSei (SEI) $ 0.293722
  • story-2Story (IP) $ 5.73
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,808.51
  • bfusdBFUSD (BFUSD) $ 0.999562
  • official-trumpOfficial Trump (TRUMP) $ 8.40
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.639604
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 46.80
  • kucoin-sharesKuCoin (KCS) $ 12.91
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,889.15
  • bonkBonk (BONK) $ 0.000021
  • flare-networksFlare (FLR) $ 0.022402
  • filecoinFilecoin (FIL) $ 2.32
  • skySky (SKY) $ 0.065150
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,260.00
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.081537
  • jupiter-exchange-solanaJupiter (JUP) $ 0.473441
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,817.99
  • usdt0USDT0 (USDT0) $ 0.998742
  • falcon-financeFalcon USD (USDF) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,910.57
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999979
  • injective-protocolInjective (INJ) $ 13.44
  • hash-2Provenance Blockchain (HASH) $ 0.026397
  • tether-goldTether Gold (XAUT) $ 3,380.23
  • celestiaCelestia (TIA) $ 1.65
  • nexoNEXO (NEXO) $ 1.25
  • optimismOptimism (OP) $ 0.703375
  • aerodrome-financeAerodrome Finance (AERO) $ 1.35
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999099
  • wbnbWrapped BNB (WBNB) $ 851.51
  • lido-daoLido DAO (LDO) $ 1.30
  • paypal-usdPayPal USD (PYUSD) $ 0.999809
  • blockstackStacks (STX) $ 0.643543
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,189.00
  • spx6900SPX6900 (SPX) $ 1.22
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 217.55
  • curve-dao-tokenCurve DAO (CRV) $ 0.786224
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999026
  • immutable-xImmutable (IMX) $ 0.536362
  • super-oethSuper OETH (SUPEROETH) $ 4,561.89
  • sonic-3Sonic (S) $ 0.314181
  • pump-funPump.fun (PUMP) $ 0.002841
  • pax-goldPAX Gold (PAXG) $ 3,366.60
  • pendlePendle (PENDLE) $ 5.64
  • the-graphThe Graph (GRT) $ 0.089559
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • flokiFLOKI (FLOKI) $ 0.000096
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,903.00
  • raydiumRaydium (RAY) $ 3.41
  • conflux-tokenConflux (CFX) $ 0.175223
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.61
  • msolMarinade Staked SOL (MSOL) $ 253.18
  • clbtcclBTC (CLBTC) $ 113,289.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,346.98
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,549.28
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,581.57
  • saros-financeSaros (SAROS) $ 0.323847
  • tezosTezos (XTZ) $ 0.796935
  • kaiaKaia (KAIA) $ 0.141819
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.27
  • dogwifcoindogwifhat (WIF) $ 0.801443
  • fartcoinFartcoin (FARTCOIN) $ 0.796922
  • theta-tokenTheta Network (THETA) $ 0.788671
  • morphoMorpho (MORPHO) $ 2.40
  • vaultaVaulta (A) $ 0.489503
  • iotaIOTA (IOTA) $ 0.194001
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.17
  • galaGALA (GALA) $ 0.016560
  • jasmycoinJasmyCoin (JASMY) $ 0.015258
  • memecoreMemeCore (M) $ 0.438525
  • ousgOUSG (OUSG) $ 112.32
  • stader-ethxStader ETHx (ETHX) $ 4,860.98
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • newton-projectAB (AB) $ 0.009193
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997908
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,577.81
  • the-sandboxThe Sandbox (SAND) $ 0.278750
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,905.70
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • zcashZcash (ZEC) $ 40.86
  • jito-governance-tokenJito (JTO) $ 1.80
  • pyth-networkPyth Network (PYTH) $ 0.114302
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • tbtctBTC (TBTC) $ 110,452.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 5,016.64
  • loaded-lionsLoaded Lions (LION) $ 0.020731
  • flowFlow (FLOW) $ 0.383851
  • swethSwell Ethereum (SWETH) $ 4,927.09
  • usual-usdUsual USD (USD0) $ 0.999302
  • vision-3Vision (VSN) $ 0.175184
  • walrus-2Walrus (WAL) $ 0.401368
  • build-onBUILDon (B) $ 0.571399
  • beldexBeldex (BDX) $ 0.077649
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.214461
  • decentralandDecentraland (MANA) $ 0.284977
  • global-dollarGlobal Dollar (USDG) $ 0.999747
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,365.00
  • bitcoin-svBitcoin SV (BSV) $ 26.50
  • frax-etherFrax Ether (FRXETH) $ 4,507.54
  • ether-fiEther.fi (ETHFI) $ 1.11
  • based-brettBrett (BRETT) $ 0.050525
  • neoNEO (NEO) $ 7.06
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,570.96
  • true-usdTrueUSD (TUSD) $ 0.998468
  • starknetStarknet (STRK) $ 0.128898
  • heliumHelium (HNT) $ 2.62
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 109,496.00
  • dydx-chaindYdX (DYDX) $ 0.620050
  • sun-tokenSun Token (SUN) $ 0.024274
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007832
  • apecoinApeCoin (APE) $ 0.579305
  • usddUSDD (USDD) $ 0.999633
  • telcoinTelcoin (TEL) $ 0.004978
  • syrupMaple Finance (SYRUP) $ 0.406930
  • apenftAPENFT (NFT) $ 0.00000046
  • zksyncZKsync (ZK) $ 0.062569
  • coredaoorgCore (CORE) $ 0.439218
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • thorchainTHORChain (RUNE) $ 1.25
  • savings-daiSavings Dai (SDAI) $ 1.16
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999792
  • arweaveArweave (AR) $ 6.57
  • elrond-erd-2MultiversX (EGLD) $ 14.85
  • aioz-networkAIOZ Network (AIOZ) $ 0.353423
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999813
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 211.22
  • instadappFluid (FLUID) $ 6.26
  • compound-governance-tokenCompound (COMP) $ 43.95

Tokenized Treasuries Hit $5B Milestone as Fidelity Touts RWA Potential for Collateral

0 39

Tokenized Treasuries Hit $5B Milestone as Fidelity Touts RWA Potential for Collateral

The market value of tokenized U.S. Treasuries this week surpassed the $5 billion for the first time, rwa.xyz data shows, as demand for blockchain-based real-world assets (RWAs) accelerates.

The asset class grew by $1 billion through just two weeks, led by inflows into asset management giant BlackRock’s and digital asset firm Securitize’s market leading BUIDL.

Tokenized Treasuries Hit $5B Milestone as Fidelity Touts RWA Potential for Collateral

Tokenized Treasury products’ market cap as of March 25 (rwa.xyz)

Crypto tokens backed by U.S. Treasuries are at the forefront of the tokenization trend, which have captivated a host of global financial behemoths and digital asset firms. Fidelity Investments is the latest large U.S. asset manager seeking to create a tokenized money market fund, filing for regulatory approval last week to launch its Fidelity Treasury Digital Liquidity on the Ethereum blockchain.

“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, told CoinDesk in a statement.

Tokenized Treasuries allow investors to park idle cash on blockchains to earn a yield — like with a money market fund. Increasingly, they are also used as a reserve asset for decentralized finance (DeFi) protocols. Another use case with significant potential is using these tokens as collateral in trading and asset management.

“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,” she added.

Her words echo Donna Milrod’s, chief product officer of State Street, another Boston-based asset management and banking giant that is exploring tokenization of bonds and money market funds. She said in an earlier interview that collateral tokens could have helped avoid or alleviate, for example, the “liability-driven” crisis in 2022, allowing pension funds and asset managers to use money market fund tokens for margin calls instead of liquidating their assets to raise cash.

The growth trend won’t stop anytime soon.

Securitize said earlier today that BUIDL is on track to surpass $2 billion in assets by early April from $1.7 billion currently. Meanwhile, Spark, the ecosystem partner of DAI stablecoin issuer Sky (formerly MakerDAO), plans to allocate $1 billion to BUIDL, Superstate’s USTB and Centrifuge’s fund managed with Anemoy and Janus Henderson.

Source

Leave A Reply

Your email address will not be published.