TechFlow reports that 21.co strategy analyst Tom Wan stated on X that DeFi project DAOs are diversifying funds into RWA, including stablecoins and tokenized U.S. Treasuries. Currently, there are over 15 products on EVM chains with nearly $2 billion in assets under management, and DAOs are beginning to include yield-generating instruments such as BUIDL, USTB, USDY, and USDM in their treasuries.
According to the strategies of Securitize and BlackRock, they aim to provide diversification for the crypto ecosystem, enabling access to risk-free U.S. Treasury yields without leaving the blockchain ecosystem. Currently, Arbitrum has allocated 35 million ARB ($27 million), and MakerDAO has allocated $1 billion to tokenized U.S. Treasuries. With these two projects allocating to tokenized U.S. Treasuries, the total market cap of tokenized U.S. Treasuries is expected to exceed $3 billion by the end of 2024.
