As cryptocurrencies have been beaten in a large market correction in recent weeks, digital asset investors have sought refuge in tokenized American cash products.
Since the end of January, the market capitalization combined with tokens supported by the Treasury has increased by $ 800 million to reach a new record of all time of $ 4.2 billion on Wednesday, according to the Rwa.xyz data source.
The products of the Ondo Finance active active platform (ONDO), Ousg and USD tokens in the long-term sustained term, have reached a little less than $ 1 billion, an increase of 53% of market value in the last month. BUIDL, the token published jointly by the asset manager BlackRock and the SACURITIZE Tokenization company, won 25% in the same period to exceed $ 800 million. The Benji token of assets director Franklin Templeton extended to $ 687 million, an increase of 16%, while the superstate USTB reached $ 363 million, up more than 63%.
A notable aberrant value was the USHNOTE USYC, deducing more than 20% of its market capitalization at 900 million dollars, mainly due to the decline of USENUAL DEFI Protocol after the counterpou of investors. The token is the main asset of supporting the Stablecoin USD0 of the habit, which dropped below a billion dollars in its January $ 1.8 billion summit.
“We believe that the growth in the market capitalization of the token treasure during the recent slowdown in the crypto reflects a flight to quality, similar to the way in which traditional investors pass actions to the American treasury during economic uncertainty,” said Brian Choe, research manager on Rwa.xyz, Coindesk.
Choe based its analysis on the comparison of the growth of the market capitalization of token treasures with stablescoins between November and January, when the cryptographic markets rallied and from February when the prices corrected.
During the recent downward period, tokenized treasure bills increased faster than stablecoins, unlike the increased phase, when the growth of stablescoin has exceeded the Treasury tokens market.
“This indicates that some investors do not leave the ecosystem, but rather from the rotating capital in safer and carriers until the market conditions improve,” said Choe.
