Tokenized U.S. Treasuries market hits $15.20B, led by Circle and Blackrock products.

The market value of tokenized U.S. Treasuries reached $15.20 billion in early May, growing by $1.06 billion in the last 30 days. Circle's USYC leads with $2.91 billion across multiple blockchains, followed by Blackrock's BUIDL at $2.58 billion, showing strong institutional interest. The top 10 tokenized Treasury funds together exceed $13.9 billion, indicating rising demand and diversification across blockchain networks. This trend suggests continued growth as both institutional and onchain investors seek yield-bearing, dollar-linked assets.