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Ondo and Superstate lead $75.8M growth in tokenized US Treasury bill market this week.

Market News
19 Oct 2026
Crypto Briefing
View Source
Bullish
Ondo and Superstate lead $75.8M growth in tokenized US Treasury bill market this week.

Ondo Finance and Superstate saw significant market cap increases of $41.6 million and $34.2 million respectively in the tokenized US Treasury bill market over the past week. Ondo crossed a major milestone with $3 billion in total tokenized US Treasury assets, making it the leading platform by assets. The total tokenized US Treasury market is valued around $15 billion, with tokenized funds reaching $35.1 billion overall. Despite growth, actual use of these tokenized assets in decentralized finance remains low, as most are held for yield rather than active deployment in lending or liquidity pools.

Ondo Finance leads with a market cap of Rp37.84 trillion on Pluang as of Oct 20, 2026, 04:03 WIB, reflecting its dominant position in the tokenized US Treasury market. The token trades at Rp7,755 with a 1-day gain of 4.75%, and a 24-hour trading volume of Rp2.4 trillion shows active investor interest. Typical hold time on Pluang is 45 days, indicating moderate-term investor engagement in Ondo tokens.

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