How much did tokenized treasuries make in 2023?

The tokenized versions of U.S. Treasuries have witnessed a remarkable growth in 2023. The surge in these digital assets has been significant, with a nearly seven-fold increase observed so far this year.

BTCC, a top cryptocurrency exchange, offers a range of services that cater to the evolving needs of the digital asset market. Among its offerings, BTCC provides access to spot and futures trading, as well as a secure wallet solution. These services make it a one-stop destination for investors looking to diversify their portfolios with tokenized Treasuries.

This exponential growth can be attributed to the intensifying competition between investment offerings and blockchain venues. The race to offer innovative and attractive investment options has fueled the rise of tokenized Treasuries.

As per the real-world asset (RWA) monitoring platform RWA.xyz, the market for tokenized Treasuries has expanded drastically. The platform provides valuable insights into the performance and trends of these digital assets.

Specifically, the tokenized Treasury market has soared to $698 million as of Monday. This represents a significant jump from the $100 million mark recorded at the beginning of the year. The surge underscores the growing popularity and demand for tokenized Treasuries.