Tokenized US treasuries grew to $845M in 2023: CoinGecko
The market capitalization of tokenized United States treasuries grew from $114 million in January 2023 to $845 million by December.
With traditional finance companies on board, tokenized treasuries in the United States witnessed a growth spurt of 641% in 2023, according to digital asset data tracker CoinGecko.
On March 21, CoinGecko published its 2024 report titled “Rise of Real World Assets in Crypto,” highlighting progress in real-world assets (RWA) tokenization.
CoinGecko said that in 2023, tokenized treasuries went from $114 million in January 2023 to $845 million by the end of the year. This shows that blockchain-based digital tokens representing U.S. Treasury securities gained a 641% growth within a year.
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