The market value of the US Treasures token this week exceeded $ 5 billion for the first time, Rwa.xyz data, such as the demand for acts based on blockchain (RWAS) is accelerating.
The asset class increased by $ 1 billion in just two weeks, led by the entries in the BlackRock’s asset management giant and the digital asset company Securitize’s Market Buidl.
The cryptographic tokens supported by American treasury bills are at the forefront of the trend of tokenization, which has captivated a multitude of global financial giants and digital asset companies. Fidelity Investments is the last major American asset manager seeking to create a monetary market fund in chips, depositing regulatory approval last week to launch its digital liquidity of Fidelity Treasury on the Ethereum blockchain.
“We see a promise in the tokenization and its ability to be a transformer in the financial services industry by stimulating transactional efficiency with access and the allocation of capital in all markets,” said Cynthia Lo Bessette, head of the management of digital assets of Fidelity, in Coindesk in a press release.
Tokenized treasures allow investors to park inactive money on blockchains to obtain a return – as with a money market fund. Increasingly, they are also used as reserve assets for decentralized financing protocols (DEFI). Another use case with significant potential is to use these tokens as a guarantee in the trade and management of assets.
“By examining use cases, the publication of a tokenized asset as a non-monetary guarantee to meet margin requirements could improve operational infrastructure and improve capital efficiency,” she added.
His words echo Donna Milrod’s, product manager of State Street, another giant of the management of assets and banks based in Boston which explores the tokenization of obligations and funds of the monetary market. She declared in an earlier interview that collateral tokens could have helped to avoid or mitigate, for example, the crisis “focused on responsibilities” in 2022, allowing pension funds and asset managers to use fundraising tokens for margin calls instead of liquidating their assets to raise funds.
Read more: Tokenization allows more effective collateral transfers, a digital asset, a Eurocleaire gold council and the world found in the pilot project
The growth trend will not stop anytime soon.
Securitizing said earlier than Buidl is on the right track to exceed $ 2 billion in assets by early April, against $ 1.7 billion. Meanwhile, Spark, the partner of the ecosystem of DAI Stablecoin Sky (formerly Makerdao), plans to allocate $ 1 billion in Buidl, USTB of Superstate and the centrifuge fund managed with Anemoy and Janus Henderson.
