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Tokenized Treasury Funds Pass $2B Market Cap on BlackRock’s Explosive Growth
Less than five months after hitting $1 billion in market capitalization, tokenized Treasury notes have doubled in size again, crossing the $2 billion level on Saturday, according to data from RWA.xyz. BlackRock’s USD Institutional Digital Liquidity Fund is a big driver in the soaring market cap of the notes as the BUIDL fund became the largest tokenized Treasury fund just six weeks after its late launch in March. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
