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#TokenizedTreasuries
Tokenized Treasuries news and analysis from LC Insight: 3 stories, newest first.
Tokenized Treasuries explained: BUIDL, USDY and the $14.2B T-bill market
Tokenized Treasuries are blockchain tokens that stand for shares in funds holding US government debt, and unlike most stablecoins they pay interest. As of November 2, 2026, rwa.xyz counted $14.21 billion across 119 products, led by Ondo's USDY, Circle's USYC and BlackRock's BUIDL.
BlackRock's BUIDL slips to No. 3 as tokenized Treasuries shrink to $14.2 billion
BlackRock's on-chain fund held $2.08 billion on November 1, down 7.61% in a month, and now ranks behind Ondo's USDY and Circle's USYC. The whole tokenized Treasury market shrank 3.68%, but holder numbers keep rising.
BNY and Citadel settled a tokenized Treasury in minutes, then borrowed cash against it
Citadel Securities bought a two-year Treasury note, BNY settled a tokenized version within minutes instead of the next day, and Citadel pledged it overnight for cash. BNY calls it the first use of tokenized assets on a major triparty repo platform.