Tokenization
Tokenized US Treasuries Set to Reach $3 Billion by 2024
Tuesday. July 16 at 4:00 PM
1 min. readThe tokenization of United States treasuries is projected to hit $3 billion by the end of 2024, highlighting the advantages of asset tokenization and its increasing acceptance. To achieve this milestone, tokenized treasuries must nearly double in growth by the year's end. This growth is attributed to the rising trend of decentralized autonomous organizations (DAOs) diversifying their portfolios with tokenized US treasuries. Key players like Securitize and BlackRock are expected to drive the growth of tokenized treasuries to $3 billion. Notably, BlackRock's USD Institutional Digital Liquidity Fund has become the largest tokenized treasury fund, amassing over $528 million in market capitalization. Experts predict that tokenization could unlock a multi-trillion-dollar market opportunity, with tokenized illiquid assets reaching $16 trillion by 2030. Major firms like Goldman Sachs are already gearing up to introduce new tokenization products, signaling a growing interest in this transformative technology within various industries.