- Tokenized assets hit $10.9B, driven by private credit and U.S. Treasuries demand.
- $BUIDL fund’s growth attracts major institutions, boosting tokenized Treasury interest.
- OpenEden’s Moody’s “A” rating solidifies its status in the tokenized T-Bill market.
Tokenized asset markets have reached a new all-time high, surpassing $10.9 billion. This represents a 37.1% increase from the roughly $8 billion at the start of the year.
The surge is largely driven by heightened demand for private loans and U.S. Treasury debt. Currently, private credit makes up $8.1 billion of the market, while tokenized Treasuries account for $1.9 billion. Other tokenized asset classes remain under $1 billion each.
Tokenized U.S. Treasury debt has grown significantly since the March launch of the $BUIDL fund. In just five months, this sector has expanded by $1.1 billion. The rise in tokenized Treasuries has caught the eye of major institutions like Goldman Sachs and Ripple, signaling a growing trend.
Meanwhile, tokenized gold continues to lead the commodity sector. Tether and Paxos are at the forefront with their gold-backed tokens, $XAUT and $PAXG, holding market caps of $455.7 million and $455.4 million, respectively. Tether has also introduced $aUSD₮, a stablecoin backed by $XAUT. This stablecoin lets users mint and redeem coins using physical gold, making it even more attractive.
In the realm of tokenized investments, Ondo Finance stands out as a leader. The firm has achieved over $560 million in total value locked (TVL) for its cash-equivalent products. Ondo’s USDY stablecoin, available across multiple blockchains, has surpassed $340 million in TVL, offering a 5.35% annual percentage yield (APY). The firm’s OUSG token, which provides liquid exposure to short-term U.S. Treasuries, has a TVL of $217.89 million and offers a 4.62% APY.
Maple Finance also demonstrates the growing market for tokenized assets. The platform’s High Yield Secured pool has experienced a 280% increase in TVL, reaching over $300 million. Furthermore, Syrup, Maple’s new permissionless lending product, has quickly grown past $50 million in TVL. Syrup’s strong performance is evident in its ability to surpass average APYs in Aave v3 USDC.
OpenEden, a key player in the tokenized T-Bill sector, has become the first Moody’s-rated tokenized T-Bill product. With a nearly $100 million TVL and a Moody’s “A” rating, OpenEden has quickly gained popularity among crypto treasuries and institutional investors. The firm’s efficient handling of redemptions during market sell-offs has further strengthened its reputation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
