According to RWA.xyz, a professional tokenization analysis platform, the market capitalization of tokenized US Treasury bonds continues to reach new highs, currently standing at 1.18 billion US dollars. The largest share of this market is held by Franklin’s FOBXX, accounting for 32% of the tokenized US Treasury bond market. However, the recent rising star is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which has a market value very close to that of FOBXX.
"Tokens Transform the US Bond Market: Franklin FOBXX Implements Online P2P Trading"