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CryptoIntelligence 2024-07-17 17:42:17

Tokenized US Treasuries Set to Hit $3 Billion by End of 2024, Driven by Major Financial Players and DAOs

Tokenized United States treasuries are projected to reach $3 billion by the end of 2024, highlighting the growing benefits and widespread adoption of financial asset tokenization. To achieve the $3 billion mark by year-end, tokenized treasuries must nearly double their current value. This growth is driven by decentralized autonomous organizations (DAOs) increasingly diversifying their holdings into tokenized US treasuries, says Tom Wan, a research strategist at 21.co. The anticipated growth to $3 billion is supported by major players like Securitize and BlackRock. In a July 15 X post, Wan noted: “With the two projects allocating to tokenized US treasury, we

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