Crypto’s Down, Tokenized Treasuries Up: Larry David Explains Why

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So, the crypto world is having a meltdown—shocking, right? Meanwhile, tokenized real-world assets (RWAs) are thriving like they just got cast in a hit HBO show. Over 30 days, they’ve climbed 12.5%, and tokenized Treasuries? Oh, they’re up 8.7% in just seven days. 🚀

Tokenized Treasuries Hit $5.49B

Tokenized Treasuries are having a moment. According to rwa.xyz, as of April 10, 2025, the market is now worth $5.49 billion—up 8.7% since last week. Blackrock’s BUIDL fund? It’s over $2 billion now. $2.166 billion, to be exact. 🤑

BUIDL’s up 11.13% since April 4, 2025. Not bad for a week’s work. 🤷‍♂️

On April 4, BUIDL was at $1.949 billion. Now? It’s ballooned by 11.13%. Meanwhile, Franklin Onchain’s BENJI dropped from $708 million to $706 million. Ouch. 😬

Ondo’s USDY fund? It went from $585 million to $586 million. Big whoop. Hashnote’s USYC? Down 11.18% to $557 million. But hey, Janus Henderson’s JTRSY and Openeden’s TBILL Vault are up. So, not everyone’s having a bad week. 🎉

What’s going on here? Investors are flocking to blockchain-driven TradFi instruments. By April 10, 17,628 investors had staked claims in tokenized Treasuries, lured by an average annual yield of 4.36%. Stability? In this economy? Preposterous. But here we are. 🤔

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2025-04-10 20:00