Analysis: The tokenized U.S. Treasury market is expected to reach $3 billion by the end of 2024

ChainCatcher news, 21.co strategy analyst Tom Wan posted on X that by the end of 2024, the tokenization of U.S. Treasury bonds is expected to reach $3 billion. There is a trend in the industry where DeFi projects' DAOs are diversifying their funds into RWA, including stablecoins and tokenized U.S. Treasury bonds.

With the maturity of tokenized U.S. Treasury bonds, there are already over 15 products on EVM chains, reaching nearly $2 billion in assets under management, and DAOs are beginning to incorporate yield products such as BUIDL, USTB, USDY, and USDM into their treasury.