Karla Barker 
Record Inflows for Digital Treasury Products
Over the past eleven days, tokenized U.S. Treasury funds have seen approximately $770 million in new capital flowing into these digital real-world asset products. This substantial movement suggests investors are becoming more comfortable with blockchain-based treasury instruments. The data comes from rwa.xyz, which tracks these emerging financial products.
Tokenized treasuries represent traditional U.S. government bonds that exist on blockchain networks. They offer some advantages over conventional bonds – faster settlement times, transparent ownership records, and the ability to program yield distributions. The total value locked across all tokenized treasury funds now stands at $8.42 billion, which is quite significant when you think about how new this space really is.
Blackrock Leads the Charge
Blackrock’s USD Institutional Digital Liquidity Fund, known by its ticker BUIDL, accounted for a massive $329 million of the recent inflows. That’s nearly half of the total new money coming in during this period. It’s interesting to see traditional finance giants like Blackrock making such strong moves in the digital asset space.
Franklin Templeton’s onchain money market fund, BENJI, moved into second position after growing from $717.4 million to $861.05 million. These established financial institutions seem to be finding their footing in the Web3 world, which perhaps signals broader acceptance of tokenized assets.
Market Shifts and Competition
Ondo’s Short-Term U.S. Government Bond Fund (OUSG) slipped from second to third place despite still attracting $62.4 million in new inflows. That’s still a respectable amount, but it shows how competitive this space is becoming. Meanwhile, Wisdomtree’s USD Institutional Digital Fund grew by $42.8 million to reach $600 million total.
Not every fund saw growth though. Circle’s U.S. Treasury Fund actually declined from $636.2 million to $597 million during the same period. This kind of fluctuation is normal in developing markets, but it does highlight that not all products are experiencing the same level of investor enthusiasm.
The Bigger Picture
What’s happening here feels like more than just a temporary trend. Investors appear to be genuinely interested in stable, yield-generating assets that don’t require dealing with traditional financial intermediaries. The ability to access U.S. Treasury yields through blockchain technology offers a different kind of value proposition.
Some market watchers think the tokenized treasury market could eventually reach trillions of dollars. That might sound ambitious, but when you consider how much traditional treasury market exists, it’s not completely unrealistic. The current $8.42 billion total value locked represents just a tiny fraction of what’s possible.
This movement bridges traditional finance with decentralized finance in a practical way. Rather than being purely speculative crypto assets, these tokenized treasuries are backed by actual U.S. government securities. That combination of traditional safety with blockchain efficiency seems to be resonating with investors who want exposure to stable yields without all the usual paperwork and delays.