Tokenized Treasury Bonds Explode, Surpassing $4.77 Billion as BlackRock’s BUIDL Fund Soars by $463 Million in 8 Days
April 9, New York – The tokenized treasury bond market is experiencing a surge in growth, with total assets reaching $4.77 billion, marking a new milestone in the decentralized finance trend tied to traditional assets. The clear leader is BUIDL – BlackRock’s digital liquidity fund, which added $463 million in just eight days, bringing its total holdings to nearly $1.5 billion.
BUIDL Leads the Wave, Market Grows 566% in One Year
Issued through the Securitize platform, BUIDL has become one of the main pillars driving growth in the tokenized RWA (Real World Assets) market. Since March 14, BUIDL has surpassed the $1 billion mark, reaching $1.004 billion, and by March 22, that number had increased to $1.467 billion – reflecting impressive growth momentum and strong inflows from institutional investors.
Compared to March 2024, when the crypto-Treasury bond market stood at just $716 million, it has now grown by more than 566% in just one year. Since March 4, 2025, the sector alone has attracted an additional $720 million, demonstrating the growing appeal of blockchain technology’s transparency, transaction efficiency, and liquidity.
Other funds remain stable or decline slightly
While not keeping up with BUIDL’s breakout, other funds in the digital bond space still play an important role in diversifying the market:
- Hashnote’s USYC (Short Duration Yield Coin) fell from $868 million to $784 million, recording an $84 million withdrawal over the same period.
- Franklin Templeton’s Onchain U.S. Government Money Fund remained stable, with no significant fluctuations since mid-March.
- Ondo Finance’s USDY increased slightly from $563 million to $593 million.
- Superstate’s USTB also saw growth, from $310 million to $393 million, further reinforcing the trend of RWA expansion in the blockchain finance ecosystem.
Blockchain: Bridging Traditional Finance and DeFi
An integral part of the explosive growth of tokenized treasury bonds is the innovation in settlement and redemption mechanisms that blockchain technology brings. Instead of relying on the traditional banking system, tokenizing assets such as treasury bonds has helped shorten transaction times, increase information transparency, and improve capital management efficiency.
Institutional investors are increasingly focusing on the ability to integrate traditional assets into an on-chain environment, paving the way for a strategic transformation of the global financial industry in the next decade.
With this growth momentum, the tokenized treasury bond market is gradually transforming from a “potential niche” to an indispensable part of the modern investment structure, where blockchain plays a central role in reshaping institutional capital flows.