23 tokenized US Treasury funds top $13.7B in total assets

According to data from Token Terminal, there are now 23 tokenized U.S. Treasury funds with market capitalizations exceeding $100 million, bringing the total value of such assets to approximately $13.7 billion. Circle's USYC, which operates on BNB Chain, is the largest with a market cap of around $2.9 billion. It is followed by Franklin Templeton's Ethereum-based iBENJI ($1.4 billion), BlackRock's BUILD ($1.2 billion), and Invesco's JTRSY ($1.1 billion).