Projects Focused on Tokenizing Real World Assets (RWA) Some blockchain projects specifically focus on bringing real-world assets (such as U.S. Treasury bonds and real estate) onto the blockchain. These projects may be direct participants in the tokenization of U.S. Treasury bonds: Chainlink (LINK)

Chainlink provides reliable oracle services that can bring real-time prices and data of U.S. Treasury bonds onto the blockchain, making it an indispensable part of tokenization. If the tokenization of U.S. Treasury bonds requires seamless connectivity between on-chain and off-chain data, LINK could benefit significantly. Ondo Finance (ONDO)

Ondo focuses on the tokenization of fixed-income assets and has launched products linked to U.S. Treasury bonds. If the tokenization of U.S. Treasury bonds becomes mainstream, Ondo's first-mover advantage may make its token ONDO stand out. RealT (no independent token, but based on Ethereum)

RealT currently focuses on real estate tokenization, but its technological framework can also be extended to U.S. Treasury bonds, making its potential development worth watching.