The tokenized US Treasury market has grown to over $10.8 billion, surging by over $1 billion since the start of 2026. Despite economic uncertainty and rising national debt, tokenized Treasurys continue to climb. The market cap increased from $8.9 billion on Jan. 1, according to data from RWA.xyz.

The market has surged 50x since 2024, reaching over $10.8 billion. BlackRock’s USD Institutional Digital Liquidity Fund, launched in March 2024, has a market cap of more than $1.2 billion. Tokenized Treasurys have continued to rise amid a crypto market downturn, increasing US government debt, and investor uncertainty in 2026.

The Depository Trust and Clearing Corporation (DTCC) announced plans to launch a US Treasury tokenization service. The largest clearinghouse in the world settled $3.7 quadrillion in transaction volume in 2024. DTCC plans to expand the service to include a variety of assets, starting with US Treasurys.

US Treasurys are crucial in global and corporate finance due to deep market liquidity. Institutions use short-term Treasurys as a cash proxy. The surge in tokenized Treasurys and other government debt could generate revenue for blockchain networks. DTCC anticipates including ETFs and equities after tokenizing US Treasurys.

Read more at Cointelegraph: Tokenized US Treasury Market Surges by $1B Since Beginning of Year