Tether Gold

Gold

PAX Gold

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/explosive-growth-in-the-tokenized-us-government-bonds-sector">Explosive Growth in the Tokenized US Government Bonds Sector</a><br></p>
<p style="text-align: justify"> The tokenization of US Treasuries has expanded dramatically, with a 641% surge in value reported by CoinGecko for the year 2023. Traditional financial institutions have been instrumental in this increase. CoinGecko’s 2024 analysis underscores significant advancements in transforming real-world assets into blockchain-based tokens. </p> 
<h2 id="market-boost-for-tokenized-assets">Market Boost for Tokenized Assets</h2> 
<p style="text-align: justify"> The market for tokenized US securities experienced a leap from $114 million to $845 million in just twelve months. These digital assets, representing US Treasury securities on blockchain, have gathered increasing interest. Notably, Ondo’s OUSG token has caught attention by embodying ownership in a US Government Bond Fund. </p> 
<p style="text-align: justify"> Franklin Templeton leads the charge as the predominant issuer of these digital treasuries, with a market command of over 38%. Beyond tokenized treasuries, the firm is diversifying into cryptocurrency ETFs, proposing an Ethereum-focused ETF to the SEC. Additionally, protocols offering stablecoins backed by US Treasury bills, like Mountain Protocol, have seen their market value skyrocket. </p> 
<h2 id="tokenization-trends-and-industry-insights">Tokenization Trends and Industry Insights</h2> 
<p style="text-align: justify"> While <a href="https://en.bitcoinhaber.net/ethereums-ascent-a-beacon-for-altcoin-season">Ethereum</a> hosts the majority of these tokens, <a href="https://en.bitcoinhaber.net/stellars-strategic-upgrade-implications-for-xlms-market-performance">Stellar</a> serves as a platform for nearly 39% of the market, thanks to issuers like Franklin Templeton. Despite the robust growth in 2023, the expansion pace of tokenized treasury bonds has decelerated in 2024, with a modest 1.9% increase noted in January. </p> 
<p style="text-align: justify"> The report doesn’t just stop at treasuries; it also highlights that the overall market value for commodity-backed tokens, including gold, reached $1.1 billion. Dominating this space, <a href="https://en.bitcoinhaber.net/tether-and-bitfinex-take-steps-towards-transparency-and-reserve-confidence">Tether</a> Gold and PAX Gold account for a significant portion of the tokenized precious metals market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/explosive-growth-in-the-tokenized-us-government-bonds-sector">Explosive Growth in the Tokenized US Government Bonds Sector</a></h5>

Explosive Growth in the Tokenized US Government Bonds Sector

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