Investors pile $1B into tokenized treasuries during April

Source Cryptopolitan

Tokenized treasuries products enjoyed significant growth during April, with investors injecting more than $1 billion into the sector since April 1. 

The funds are enjoying a banner year, with the TVL of tokenized treasuries sitting at nearly $6.16 billion after jumping 78% from late January’s local low of $3.47 billion.

TVL of tokenized treasuries
TVL of tokenized treasuries. Source: rwa.xyz.

BUIDL’s dominance grows

The dominance of BlackRock’s BUIDL fund continues to grow, driving 64% of inflows over the past 30 days with $621.7 million, according to rwa.xyz. BUIDL now boasts a TVL of nearly $2.56 billion and accounts for 41.5% of the sector’s combined TVL.

BUIDL’s TVL is up 303% from $635.7 million on January 22, while its dominance over the sector has more than doubled from 18.3% over the same period.

Despite BUIDL expanding onto new chains in recent months, Ethereum accounts for more than 95% of the fund’s TVL with almost $2.44 billion. BUIDL went live on Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon on November 17 and deployed on Solana on March 25. Each alternative chain hosts between $20 million and $55 million in TVL.

BUIDL TVL
BUIDL TVL. Source: rwa.xyz.

While Larry Fink, BlackRock’s CEO, praised tokenization as a vehicle for democratization in his annual letter to shareholders published on March 31, only four wallets hold nearly 80% of BUIDL’s assets.

Superstate’s USTB emerges among leading tokenized treasuries funds

Superstate’s USTB fund continues to climb the tokenized treasuries rankings. The fund now boasts a TVL of $652.6 million after growing by $292 million or 81% in 30 days. USTB’s TVL is also up 182% since the start of the year.

USTB TVL
USTB TVL. Source: rwa.xyz

USTB is rapidly closing in on Franklin Templeton’s BENJI fund, which ranks as the sector’s second-largest product with $707.8 million. BENJI’s TVL has trended sideways since March, growing by just 4.39% in the past six weeks.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US August CPI lands tonight: after a 5.4% PPI shock, will the Fed hike on September 16?US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.
Author  Irene Q.
Sep 11, Fri
US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.
placeholder
Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.
Author  Irene Q.
Yesterday 07: 16
Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.
placeholder
Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
Author  Suzie
Yesterday 07: 49
A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
placeholder
Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil pricesSilver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
Author  FXStreet
Yesterday 10: 37
Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
placeholder
【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve beginsThe 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
Author  Irene Q.
6 hours ago
The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
goTop
quote