The tokenized U.S. Treasury bond market increased by 4.86% to $7.34 billion, reflecting strong acceptance from institutional investors.
The tokenized U.S. Treasury bond market has recorded impressive growth with $340 million in new capital inflows in just the past 19 days. As of June 12, 2025, the total market value of blockchain-integrated U.S. Treasury bond funds has reached $7.34 billion, up 4.86% from $6.96 billion recorded on May 24, according to data from the specialized digital asset tracking platform rwa.xyz.
Source: rwa.xyz
The market-leading fund remains BlackRock's USD Institutional Digital Liquidity Fund with the trading code BUIDL, maintaining its position with a total market capitalization of $2.89 billion. Although it has slightly decreased by $23 million from $2.913 billion 19 days ago, BUIDL is still the largest tokenized Treasury bond fund by net asset value and is currently held by 79 investors.
Franklin Onchain U.S. Government Money Fund ranks second with a size of $742.04 million, a decrease of $16 million from the previous $758 million, but still attracting 607 investors. Meanwhile, the Ondo Short-Term U.S. Government Bond Fund recorded strong growth of $54 million to $691 million, showing significant appeal with 73 participating investors.
Popularity among individual investors
Notably, Ondo USD Yield ranks fourth with a size of $683 million, an increase of $52 million during the same period, and has up to 15,492 holders, indicating exceptional popularity among individual and small institutional investors. The Superstate Short Duration U.S. Government Securities Fund ranks fifth with a size of $668 million, a slight increase of $12 million from $656 million on May 24.
The continuous growth of investments in tokenized U.S. Treasury bonds reflects the increasing acceptance among institutional investors of digitalized real assets on the blockchain. These funds are no longer mere technological experiments but are becoming part of a new fixed asset allocation strategy, combining the stability of government debt instruments with the liquidity, transparency, and programmability advantages of blockchain.
