Investing.com — Creating digital versions, or tokenizing real world assets on blockchains has been at the cutting edge of demonstrating crypto‘s use case. And now tokenised treasuries are enjoying their moment in the spotlight as an alternative yield to stablecoins, but these emerging digital assets face significant hurdles toward wider adoption needed to dethrone stablecoins.
Tokenized treasuries — the digital versions of Treasury bonds created on a blockchain such as — have racked up a market cap of nearly $2.5 billion, up from around $800M since the turn of the year, according to data from tracker RWA.xyz.
Tokenized treasuries: Riding the need for yield
“This universe of tokenized treasuries has been growing fast over the past year approaching $2.4bn. And, although much smaller than the $180bn universe of traditional stablecoins, their fast growth has the potential to challenge stablecoin’s dominance in the future,” analysts…
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