- Tom Wang predicts that the market cap goal for tokenized U.S. Treasury bonds can be $3 billion in 2024.
- DAOs of DeFi tasks are diversifying into real-world property (RWAs).
- Securitize and BlackRock are working to offer entry to risk-free Treasury yields.
In response to Tom Wang, information and analysis strategist at Dune Analytics, the marketplace for tokenized U.S. Treasury bonds might exceed $3 billion by the tip of 2024. Wang's prediction comes as DAOs within the DeFi area are more and more diversifying their holdings into real-world property.
In his put up, Wang famous that DAOs of DeFi tasks are diversifying into real-world property (RWAs), together with stablecoins and tokenized U.S. Treasury bonds. The analysis strategist highlighted that with tokenized U.S. Treasury bonds protecting over 15 merchandise on the Ethereum Digital Machine (EVM) chain and managing almost $2 billion in property, DAOs are prone to embrace yield-bearing merchandise of their monetary statements.
Notably, Wang cited BUIDL, USTB, USDY, and USDM as merchandise that DAOs have already added to their funds, and predicted that this development will proceed. He highlighted different examples, comparable to Arbitrum allocating 35 million ARB (equal to $27 million) and MakerDAO allocating $1 billion.
In the meantime, Dune information analysts cited methods launched by main funding administration platforms Securitize and BlackRock, which they mentioned purpose to diversify the crypto ecosystem by giving customers entry to risk-free U.S. Treasury yields with out leaving the blockchain ecosystem.
In response to Wang, the anticipated surge available in the market capitalization of tokenized U.S. Treasury bonds can be a results of the actions of those firms, paving the best way for additional exercise by different gamers within the area.
By means of background, latest analysis by Dune Analytics reveals that stablecoin yields are now not as engaging as Treasury bonds from a danger/return perspective, which is why tasks comparable to Ondo Finance, Backed Finance, Matrixdock, Maple Finance and Swarm have efficiently tokenized U.S. Treasury bonds on-chain and raised over $300 million in property beneath administration.
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