Tokenized US Treasurys add over $1B since January 2026 as market cap tops $10.8B

The market value of tokenized US Treasurys has grown from $8.9 billion on Jan. 1, 2026 to more than $10.8 billion, adding over $1 billion in a few months. This onchain segment of US government debt has expanded despite a broader crypto downturn, rising US debt levels and macroeconomic uncertainty. Data providers also note a 50-fold increase in tokenized Treasurys since 2024, supported in part by BlackRock's BUIDL fund and upcoming tokenization services from DTCC.