Growth Surge in Tokenized Treasuries and Real-World Asset Protocols in 2024

Tokenized Treasuries and real-world asset (RWA) protocols have seen significant growth throughout 2024, with a notable increase in demand for tokenized U.S. Treasuries. The sector, which includes tokenized treasuries, bonds, and cash equivalents, has expanded by 35% since April. Ondo Finance, a leading RWA-focused DeFi protocol, has seen its total value locked (TVL) surge to $507 million from $221 million in the same period.

BlackRock’s $BUIDL and Franklin Templeton’s $FOBXX, key players in the tokenized Treasuries market, have respectively experienced growths of 65% and nearly 27% since the start of the quarter, pushing the total market cap above $1.5 billion. While commodities and stablecoin markets have shown relative stability, Treasuries have attracted the most attention in recent months.

Ondo’s native token has also witnessed a remarkable increase, rising 68% since the end of March and multiplying over six times in value since its token generation event in January. This growth underscores the burgeoning interest and confidence in tokenized Treasuries and RWA protocols as viable and increasingly popular investment vehicles.