Tokenized US Treasuries Grow by $340M in Just Under Three Weeks

Data reveals that over the past 19 days, the tokenized U.S. Treasuries sector has expanded by 4.86%, amassing an additional $340 million.

$340M Shift to Tokenized Treasuries Signals Institutional Embrace

As of June 12, 2025, the blockchain-integrated U.S. Treasury fund market is valued at $7.34 billion, according to rwa.xyz stats. Since May 24, the sector has attracted roughly $340 million in inflows, reflecting a 4.86% increase. Blackrock’s USD Institutional Digital Liquidity Fund, known by its ticker BUIDL, currently holds a $2.890 billion market capitalization—a slight dip of $23 million from the $2.913 billion registered 19 days earlier.

BUIDL holds the distinction of being the largest tokenized U.S. Treasury fund by net asset value, currently backed by 79 individual holders. Trailing BUIDL is the Franklin Onchain U.S. Government Money Fund, known as BENJI, with a balance of $742.04 million. Since May 24, BENJI has contracted by $16 million, down from its previous total of $758 million, and is now held by approximately 607 investors.

The Ondo Short-Term US Government Bond Fund, or OUSG, currently ranks third by net asset value, holding $691 million. That marks a $54 million increase from its $637 million total recorded 19 days earlier. As per rwa.xyz data, OUSG now counts 73 distinct holders. Close behind in fourth place is Ondo’s other tokenized offering, USDY, which has reached $683 million after climbing by $52 million during the same period. As of June 12, USDY is held by 15,492 unique participants.

Claiming the fifth spot among tokenized funds is the Superstate Short Duration U.S. Government Securities Fund, now holding $668 million. That reflects a $12 million uptick from its $656 million total recorded on May 24. Several funds outside the top five also attracted capital, collectively contributing to the $340 million added across the sector.

The steady climb in tokenized treasury holdings points to a growing appetite for blockchain-integrated financial instruments, hinting at broader institutional comfort with digitized real-world assets. As capital continues to filter into these funds, the momentum suggests a redefinition of traditional fixed-income strategies.