@minutesf
Tokenized U.S. Treasuries offer on-chain investors access to safe yield, bridging DeFi with global capital markets. Their appeal lies in liquidity, transparency, and compliance-friendly design. As risk-free rates dominate narratives, tokenized Treasuries have rapidly grown. However, scalability depends on regulation and integration with on-chain collateral frameworks. If adoption continues, Treasuries may indeed become RWAs’ killer application, serving as the foundational building block for institutional DeFi. The question remains: is it growth or just rate-cycle opportunism?