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$2 BILLION REACHED IN TOKENIZED TREASURY BONDS: Because Who Needs Actual Financial Literacy When You Can Just Throw Money at a Wildly Unproven Concept?

Institutional InvestorsNewsRegulation/Negotiation 4 Kevin Nelson September 1, 2024

A stylized illustration depicting a massive wave crashing onto shore, with $2 billion worth of tokens represented as ocean foam cresting above it. In the background, various financial institutions and blockchain logos (Blackrock, Franklin Templeton, Ethereum, Stellar, Solana) are shown being swept away by the tide, while in the foreground, a few tokenized funds' market caps ($502 million, $427 million, etc.) appear as beach stones scattered about.

The tokenized Treasury bond bubble continues to inflate like a poorly secured Bitcoin ATM at a crypto conference for gullible idiots. Blackrock and Franklin Templeton’s funds have somehow managed to corner 45% of the market share in this wild west frontier, because who wouldn’t trust their money with two companies that got rich off selling overpriced mutual funds? Meanwhile, Ondo is quietly raking it in like a crypto bro at a Vegas poker table, while Stellar and Solana are just along for the ride. But hey, $2 billion is a nice milestone to reach when you’re still not sure what this whole tokenized Treasury bond thing even means or why anyone would want one.

Source: bitcoin.com

$2 Billion Milestone Reached in Tokenized Treasury Bonds
https://news.bitcoin.com/2-billion-milestone-reached-in-tokenized-treasury-bonds
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value. As August wraps up, the combined value of tokenized U.S. Treasuries, bonds, and cash-equivalents has hit an impressive $2.07 billion. Since Jan. 1, 2023, this market has […]

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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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