10th July 2024 Digital Bytes
The rise of tokenised treasuries: digitising stability in the digital age - in the evolving landscape of finance, US Treasuries (long time synonymous with stability) are undergoing a digital transformation through blockchain technology. Tokenised treasury debt, via money market funds are valued over $1 billion on platforms such as Ethereum and Avalanche, marks a tenfold increase since last year. This innovation digitises traditional bonds into blockchain tokens, blending reliability with digital efficiency. Benefits include enhanced transparency, 24/7 liquidity and reduced costs by bypassing intermediaries. Despite regulatory uncertainties and scalability challenges, global initiatives from institutions such as BlackRock and sovereign entities such as the Philippines, showcase a burgeoning market. Tokenised treasuries promise to democratise access and redefine financial markets with blockchain's disruptive potential.
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