According to Rwa.xyz data, the total value of tokenized bonds has increased from 719 million dollars at the beginning of the year to 1.45 billion dollars.

Tokenized bonds offer a variety of benefits for money market issuers and investors, such as liquidity management and blockchain-based management of real-world assets.

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These have gained popularity following the entry of BlackRock and Franklin Templeton into the market.

As of June 3, the largest share of the market is held by BlackRock USD Institutional Digital Liquidity Fund, with 462 million dollars. This fund, backed by US Treasuries, repo agreements, and cash, is represented by the BUIDL token on the Ethereum blockchain.

It is followed by Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX) with 346 million dollars.

Ethereum plays the largest role in the tokenized bond market. The total value of Ethereum-based products is 1 billion dollars, while Stellar follows with 350.7 million dollars and Solana with 46.7 million dollars.

The post BlackRock-Led Token Market Value Surges 700 Million Dollars in Six Months appeared first on Coin Engineer.