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$110M Added to Tokenised Treasuries Because Who Doesn’t Want a Piece of the Action and Also It’s Not Like They’re Just Printing More Money or Anything

Crypto NewsRegulation/NegotiationRetail Investors 1 Kevin Nelson August 16, 2024

An illustration of an ascending graph with green bars representing growth, surrounded by dollar signs and coins floating upwards; at the top left corner is a globe with a rising line connecting it to the chart below; on the right side there's a building in the background that resembles a financial institution. In front of this structure are several people from different ethnicities holding briefcases or laptops while walking towards the graph, conveying movement and growth. The overall atmosphere is one of optimism and expansion.

The tokenized Treasury market has seen some growth since July 9th. $110 million added over five weeks isn’t exactly setting records for crypto’s usual “get rich quick” claims though. BUIDL from Blackrock is leading the pack in this space with a modest increase of nearly $15 million, which just goes to show that even institutional players can be roped into these tokenized nonsense schemes.

Source: bitcoin.com

$110M Added to Tokenized Treasuries in 5 Weeks, Market Cap Approaches $2B Mark
https://news.bitcoin.com/110m-added-to-tokenized-treasuries-in-5-weeks-market-cap-approaches-2b-mark
As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the pack among tokenized Treasury assets by market cap, experiencing a $14.85 million uptick in just 38 days. The market cap of tokenized U.S. Treasuries is closing in on the $2 billion […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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