The Martini Guy: tokenized treasuries soar to $7B driven by BlackRock

Tokenization of treasuries reaches a significant milestone with $7 billion now accounted for. BlackRock's involvement has heavily influenced this surge, with their BUIDL initiative contributing nearly $3 billion to the on-chain figure.
Institutions are increasingly turning to Ethereum as the preferred blockchain platform for such financial instruments, highlighting a broader interest in the potential of tokenization.
The Martini Guy, a notable figure in cryptocurrency circles, pointed out the growing institutional interest in tokenizing assets on Ethereum in a recent tweet. This trend underscores a shift towards the integration of traditional finance mechanisms with blockchain technology.
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In the previous news, tweet author The Martini Guy discussed speculation on a potential rate cut. Read more.