Tokenized US Treasuries just crossed $13.53 billion \u2013 close enough to $14 billion that the milestone is essentially already here. The detail most headlines are missing, though, is that this number has grown roughly 50x since 2024, and it did so while the broader crypto market was having one of its messier years on record.<\/p>\n
That\u2019s a signal about what kind of crypto product institutional money actually trusts \u2013 and who\u2019s building it.<\/p>\n
Circle and BlackRock are sitting at the top of this market, and that matters more than the raw figure. Here\u2019s what\u2019s actually happening beneath that number.<\/p>\n
DISCOVER:\u00a0The Next 1000x Crypto Gem Before It Lists on Binance<\/a><\/strong><\/p>\n As of April 12, 2026, the tokenized Treasury sector posted a 0.63% weekly gain to reach $13.53 billion \u2013 the largest single segment within a total RWA market now valued at $29.22 billion.<\/p>\n To put that growth in context: the market started 2024 at roughly $750 million. It added $2.12 billion in the first two months of 2026 alone, outpacing stablecoin growth in absolute terms for the first time.<\/p>\n Tokenized Trasury Metrics \/ Source: RWA.XYZ<\/a><\/p>\n The top five products account for $9.31 billion \u2013 68.8% of the entire sector. Circle\u2019s USYC leads with $2.67 billion, largely structured for non-US investors and domiciled in Bermuda. BlackRock\u2019s BUIDL sits in second at $2.42 billion, managed through Securitize, and targets US Qualified Purchasers with a $5 million USDC minimum entry. That\u2019s not a retail product. Ondo\u2019s USDY holds third place at $1.88 billion with 16,568 holders and a 3.55% APY \u2013 the broadest distribution of the top three.<\/p>\n Janus Henderson\u2019s Anemoy Treasury Fund (JTRSY) rounds out fourth at $1.32 billion, carrying an AA+ credit rating from S&P and focusing on short-term T-bills. Franklin Templeton\u2019s BENJI holds fifth at $1.02 billion, notable for its $20 minimum investment \u2013 the lowest barrier to entry in the top tier by a wide margin. The full ecosystem spans 60,893 holders across 74 distinct assets.<\/p>\n DISCOVER: Ethereum\u2019s dominance in RWA settlement \u2013 and what the IMF is warning about tokenization<\/a><\/strong><\/p>\n BlackRock manages over $10 trillion in assets. When Larry Fink compares tokenization to the early internet \u2013 which he has, explicitly \u2013 that\u2019s not a CEO chasing a trend.<\/p>\n That\u2019s the world\u2019s largest asset manager signaling where custody, settlement, and product distribution are heading. BlackRock\u2019s broader crypto commitment<\/a> has been building steadily, and BUIDL is the institutional RWA expression of that conviction.<\/p>\n Circle, meanwhile, is the issuer of USDC \u2013 the second-largest stablecoin by market cap. Their infrastructure already moves billions in fiat-equivalent value across blockchain rails daily. USYC sits on top of that plumbing, extending Circle\u2019s reach from dollar settlement into yield-bearing government debt. These aren\u2019t crypto-native startups experimenting with DeFi mechanics.<\/p>\n Source: RWA<\/a><\/p>\n These are regulated, compliance-heavy institutions that have built products specifically designed to survive regulatory scrutiny \u2013 and that distinction matters enormously for any institution considering entering the space.<\/p>\n The stablecoin market hitting an all-time high of $318.6 billion simultaneously is not a separate story. Stablecoins and tokenized Treasuries are two ends of the same institutional infrastructure build: one provides dollar liquidity on-chain, the other provides yield.<\/p>\n Together, they form the foundation of a parallel financial layer that\u2019s starting to look less like an experiment and more like a market structure.<\/p>\n DISCOVER:\u00a0Best Meme Coin ICOs to Invest in 2026<\/a><\/strong><\/p>\n Follow 99Bitcoins on X<\/a>, YouTube<\/a>, and Telegram<\/a> for more crypto news and analysis.<\/strong><\/p>\n The post Tokenized Crypto US Treasuries Near $14 Billion as Circle and BlackRock Lead Growth<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Tokenized US Treasuries just crossed $13.53 billion \u2013 close enough to $14 billion that the milestone is essentially already here. The detail most headlines are missing, though, is that this number has grown roughly 50x since 2024, and it did so while the broader crypto market was having one of its messier years on record. […]<\/p>\n","protected":false},"author":0,"featured_media":149805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-149804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/149804"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=149804"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/149804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/149805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=149804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=149804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=149804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The RWA Market Right Now: $13.53 Billion Across 74 Assets<\/h2>\n
Why BlackRock and Circle Leading This Crypto Market Changes the Category<\/h2>\n