In just 15 days, the tokenized Treasury Department has swelled to $560 million, bringing its total value to $6.5 billion as of May 2, 2025.
Buidl and USTB drive 98% of the growth of the tokenized Ministry of Finance market in just two weeks
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has acquired a large portion of the inflow with securitization, bringing its market capitalization to a massive $442 million. The RWA.xyz metric shows that in just 15 days, Buidl has been rounded to a conductor from $2.469 billion to $2.877.1 billion.
Source: RWA.xyz Metric
Franklin Templeton’s on-chain US government money fund (Benji) rose from $702 million to $71684 million. Meanwhile, the third-placed race gave a twist: Ondo’s USDY fund, previously held bronze, brought its place to Superstate’s short-term US Government Securities Fund (USTB).
Of the $2.871 billion Buidl, $2.7 billion has been issued in Ethereum. Source: RWA.xyz Metric
SuperState’s USTB made waves, jumping from $550 million to a formidable market capitalization of $651.51 million. Along with Buidl, these two Titans have accounted for $55121 million of the sector’s $560 million growth since April 17th. Meanwhile, Ondo’s USDY stumbled on the rankings and after throwing $4.7 million, it came in fourth at $581.20 million.
Circle’s USYC didn’t want the play to pass it, but Circle’s USYC secured its place in the top five at $468.68 million, eased from its previous position at $525.17 million. According to statistics from RWA.xyz, out of 44 tokenized Treasury offerings, the average maturity yield was settled at 4.14%. Over the past week, the number of these tokenized Treasury cryptocurrency holders rose 103.44%, reaching a total of 8,743 owners.