Tokenized U.S. Treasury market cap tops $5 billion for the first time

On March 26th, according to CoinDesk, citing rwa.xyz data, the market value of tokenized US Treasury bonds exceeded $5 billion for the first time, increasing by $1 billion in just two weeks, mainly from the BUIDL products issued by BlackRock and Securitize. Fidelity is applying to launch a tokenized money market fund on Ethereum, claiming that RWA can improve capital efficiency and be used to meet margin requirements.