According to the data provided by Arkham Intelligence, this development increased Ethena’s market share in the rapidly growing token -to -token Treasury bonds market.

At the center of the company’s strategy, the USDTB stands out as a synthetic stablecoin that provides investors accessing treasury returns, while providing a return on the on-achain processing flexibility.

USDTB is currently supported by $ 1.4 billion asset. 90 %of this are Blackrock’s BUIDL tokens, while the rest is supported by TETHER (USDT) and USD Coin (USDC).

The tokenized Treasury bond market has grown rapidly in recent years and reached a total size of $ 5.2 billion. According to RWA.xyz data, the average return of this asset class is 4.34 %.

With the acceleration of Blokzincir technology processing time and increasing market efficiency, corporate investors’ interest in this field is increasing.

BUIDL was officially launched by the Blackrock USD Institutional Digital Digital Liquity Fund, Blackrock and Securitized in March 2024. BUIDL, which serves as a tokenized monetary market fund, provides a dollar basis based on cash, treasury bills and reputation agreements.

BUIDL, which grew rapidly in a short time in a year and increased its assets over $ 1.9 billion, reached a 37 %market share in the tokenized treasury bonds market.

This growth, Franklin Templeton’s On-Chain U.S. Government Money Fund ($ 692 million) and Hashnote’s Short Duration Yield Coin ($ 751 million) in front of its competitors.

Blackrock and Securitized announced on March 25 that BUIDL tokens expanded to the Solana network. Thus, a total of seven blocks, including Ethereum, Aptos and Arbitrum (ARB), became accessible.

BUIDL also turns into an important reserve presence for defi applications such as Sky (formerly Makerdao). Defi protocols are trying to integrate the advantages of traditional finance into the ecosystem by keeping reliable tokenized assets such as BUIDL in their reserves.

Meanwhile, Fidelity Investments are also taking important steps in developing blocky -based financial products. The company is reported to be preparing to launch a tokenized US money market fund and launch its own stablecoin. These developments show that the traditional financial world and blockyr ecosystem are increasingly intertwined.

Recently, the interest of corporate investors and major financial institutions to tokenized assets has been increasing rapidly. These new financial models, which combine traditional assets with Bloczincir technology, accelerate the transformation of the market by providing more liquidity, transparency and process efficiency.

BUIDL’s rapid growth and large investments of projects such as Ethena show that tokenized finance can reach a wider adoption in the future.