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
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Sep 23, Wed
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Hurricane Isaias has shut in a quarter of Gulf oil output — can WTI clear $92 before Thursday's EIA report?WTI trades at $90.80 after rebounding roughly 3% from Wednesday's $87.96 low as Hurricane Isaias — the Atlantic season's first — forces producers to shut in about 25% of US Gulf of Mexico output. Brent holds at $103.41. The first official read on the disruption arrives with the EIA weekly petroleum report on Thursday 15 October — here are the key levels and both scenarios.
Author  Irene Q.
Oct 09, Fri
WTI trades at $90.80 after rebounding roughly 3% from Wednesday's $87.96 low as Hurricane Isaias — the Atlantic season's first — forces producers to shut in about 25% of US Gulf of Mexico output. Brent holds at $103.41. The first official read on the disruption arrives with the EIA weekly petroleum report on Thursday 15 October — here are the key levels and both scenarios.
placeholder
US September CPI preview: inflation set to hit 3.7% — will the Fed hike in December?US September CPI lands Wednesday with headline inflation seen at 3.7% y/y and core at 0.2% m/m. December hike odds sit near 70% — here are the scenarios, the calendar and the key levels.
Author  Irene Q.
Oct 10, Sat
US September CPI lands Wednesday with headline inflation seen at 3.7% y/y and core at 0.2% m/m. December hike odds sit near 70% — here are the scenarios, the calendar and the key levels.
placeholder
Gold posts first weekly gain in three weeks — can $4,200 hold through CPI?Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.
Author  Irene Q.
Oct 10, Sat
Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.
placeholder
Brent swings $105.63 to $102.33 as Gulf risk meets an 'energy ceasefire' — can $100 hold into CPI?Brent spiked to $105.63 in Asian trade on fresh Middle East supply incidents, then reversed to $102.33 after the US announced a Russia-Ukraine 'energy ceasefire' and 300,000+ tonnes of Russian diesel headed to global markets; WTI fell through $90. Here are the drivers, the levels and the scenarios into Wednesday's US CPI.
Author  Irene Q.
Yesterday 05: 47
Brent spiked to $105.63 in Asian trade on fresh Middle East supply incidents, then reversed to $102.33 after the US announced a Russia-Ukraine 'energy ceasefire' and 300,000+ tonnes of Russian diesel headed to global markets; WTI fell through $90. Here are the drivers, the levels and the scenarios into Wednesday's US CPI.
goTop
quote