surpassing<\/a> the previous mid-April peak of $15.10 billion, according to rwa.xyz data. <\/p>\nThe push came as markets began pricing in a higher probability of a Federal Reserve interest-rate increase, a sharp reversal from the rate-cut expectations that dominated earlier in 2026.<\/p>\n
\u201cThe June cut just got significantly harder to defend, and the allocator positioning we flagged, capital sat in BlackRock\u2019s BUIDL and tokenized T-bills rather than spot crypto, is going to look prescient by Friday,\u201d Iggy Ioppe, co-founder of Polygon Ventures, said in an email. <\/p>\n
April\u2019s US CPI came in at 3.8% annualised, accelerating from 3.3% in March and raising the stakes around the PPI report due May 14.<\/p>\n
Why tokenized Treasuries are drawing capital away from spot crypto<\/h2>\n
Rising real interest rates make yield-bearing on-chain instruments structurally more attractive than spot cryptocurrency. Tokenized Treasuries currently offer a seven-day average yield of around 3.41%, a return that is easily legible to institutional allocators trained on money market fund mechanics.<\/p>\n
Circle\u2019s USYC now leads the sector with approximately $2.9 billion in assets, having overtaken BlackRock\u2019s BUIDL in mid-March 2026. BUIDL remains the second-largest product at roughly $2.58 billion. Fidelity\u2019s FDIT, Franklin Templeton\u2019s BENJI, and Ondo\u2019s OUSG round out the top five.<\/p>\n
<\/p>\n
The broader tokenized real-world asset market has crossed $30.9 billion, up 44% year to date and more than 200% year over year, with tokenized Treasuries accounting for roughly half the total. The growth from $3.9 billion in early 2025 to $15 billion in 16 months reflects a structural shift in how institutions are deploying capital on-chain.<\/p>\n
What comes next as macro risk builds<\/h3>\n
Bitcoin held above $80,000 as of May 13 but faced difficulty breaking higher, with the 200-day moving average overhead and miner balance-sheet pressures adding potential selling on rallies. <\/p>\n
WTI crude oil bounced back above $100 while copper approached record highs, both signalling commodity-led inflation that could sustain elevated rates and continued demand for tokenized yield products.<\/p>\n
Flows into tokenized Treasuries could accelerate further if the PPI print confirms pipeline inflationary pressure. <\/p>\n
BlackRock separately pushed the OCC this week to reclassify tokenized Treasury products as equivalent to their traditional counterparts for stablecoin reserve purposes, a move that could further entrench them as the default institutional on-chain cash instrument.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Tokenized Treasuries hit a record $15.35 billion on May 13 as Fed rate-hike fears drove investors toward on-chain yield. Summary Total value locked in tokenized Treasuries surpassed the previous mid-April…<\/p>\n","protected":false},"author":1,"featured_media":14755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28492"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28492\/revisions"}],"predecessor-version":[{"id":28493,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28492\/revisions\/28493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}