TechFlow news, March 26 — According to data from rwa.xyz, the market value of tokenized U.S. Treasuries surpassed $5 billion for the first time this week. The asset class grew by $1 billion in just two weeks, driven primarily by inflows into market-leading products such as BUIDL from asset management giant BlackRock and digital assets firm Securitize.
Fidelity Investments has become the latest major U.S. asset manager seeking to launch a tokenized money market fund, having filed for regulatory approval last week to introduce "Fidelity Treasury Digital Liquidity" on the Ethereum blockchain.
Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, said in an interview: "We see tokenization as having transformative potential for the financial services industry by improving transaction efficiency and enhancing access to and allocation of capital across markets."
Bessette added: "When exploring use cases, using tokenized assets as non-cash collateral to meet margin requirements can improve operational infrastructure and enhance capital efficiency."
