why?????
Why are institutions investing in the tokenization of U.S. Treasury bonds?
Recently, while researching the RWA (real-world assets) track, I discovered a very interesting phenomenon: almost all leading institutions are working on the tokenization of U.S. Treasury bonds. BlackRock launched BUIDL, Franklin Templeton launched BENJI, and there are a large number of projects like Ondo Finance, Matrixdock, etc. Why is everyone focused on this track? What is the logic behind this?