- BlackRock dominates with $2.5 billion.
- The market value hits $6.16 billion.
- Institutional growth drives tokenization.

BlackRock’s BUIDL, along with five key entities, controls 88% of the tokenized US Treasuries market, reaching a historic $6.16 billion in April 2025.
This reflects significant institutional investment and a trend towards blockchain-based financial products. Market reactions show a preference for secure, stable on-chain assets.
BlackRock leads the tokenized treasury space with its BUIDL fund, managing $2.5 billion. This growth occurs amid a broader shift towards on-chain financial products, with six key players governing 88% of the market.
The six main entities in the tokenized treasury market showcase BlackRock, Franklin Templeton, Superstate, Ondo Finance, and Circle. Their actions highlight a movement towards blockchain solutions.
This market growth impacts institutional liquidity, attracting significant interest. The industry seeks stability and potential profits without major impact on cryptocurrencies, according to analysts.
“The explosive AUM and TVL growth indicate increased institutional liquidity flowing into these products.” — Anonymous, Financial Expert, CoinDesk
Financial markets experience substantial shifts as the tokenized treasury sector expands. Industry sentiment is positive, with institutions adopting and innovating blockchain technologies.
Although regulatory clarity is yet to evolve, the substantial increase in the tokenized US Treasuries market signals strong interest. Potential outcomes include enhanced financial product offerings and expanded blockchain usage.