@maryama

Tokenized US Treasuries are becoming the new foundation of the DeFi ecosystem, gradually replacing purely crypto-based collateral. Over the past 18 months or so, the value of these instruments has increased from less than $2 billion to around $9 billion, significantly expanding their role in blockchain markets. According to data from the rwa.xyz platform, the total real-world assets tokenized on public blockchains have reached around $19 billion, with the majority of them being US government debt and fixed income instruments. These securities now play the same role they do in the multi-trillion dollar US repo market: as underlying collateral for the settlement of other financial transactions.

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