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Tokenized Treasuries Reach Record $15.35 Billion as U.S. 10-Year Yield Rises to 4.55%

Tokenized U.S. Treasury products hit a record $15.35 billion in total value locked as the U.S. 10-year Treasury yield climbed to 4.55%, reinforcing demand for lower-risk, blockchain-based yield exposure.

Fact Check
The $15.35 billion tokenized treasury record is strongly corroborated by multiple independent, credible sources all citing rwa.xyz as the primary data source: 'Tokenized Treasuries set record at $15.35 billion - Crypto News', 'Tokenized Treasuries Reach $15 Billion Of Inflows - Yahoo Finance', and 'Tokenized Treasuries hit $15 billion as bitcoin stalls - CoinDesk' all confirm the figure for May 13, 2026. The 'Global Market Overview - RWA.xyz' live dashboard shows individual tokenized government securities holdings that are consistent with a ~$15 billion aggregate. The 10-year Treasury yield at 4.55% is corroborated by the Charles Schwab market update snippet showing '10-year Treasury yield, 4.55%, +0.09'. The claim's framing of demand for 'lower-risk, blockchain-based yield exposure' is consistent with Yahoo Finance's description of institutional investors seeking yield while maintaining safe-haven exposure. The minor uncertainty (7%) stems from the inability to directly verify the exact yield figure on precisely May 13 versus a nearby date, and the Schwab page was inaccessible for full content verification.
Summary

Tokenized Treasuries rose to a record $15.35 billion in total value locked on May 13, surpassing the previous mid-April high of $15.10 billion, as investors sought blockchain-based exposure to U.S. government debt. The move coincided with the U.S. 10-year Treasury yield rising to 4.55%, its highest level since May, a signal of tighter financial conditions that can pressure risk assets including cryptocurrencies. Together, the developments show how rising government bond yields and concerns about further Federal Reserve policy tightening are increasing the appeal of on-chain products tied to traditional low-risk assets.

Terms & Concepts
  • Tokenized Treasuries: Blockchain-based tokens that represent exposure to U.S. Treasury assets, allowing investors to access government bond yield through on-chain infrastructure.
  • Total value locked: A metric showing the total value of assets deposited in a crypto product or protocol at a given time.
  • U.S. 10-year Treasury yield: The interest rate investors demand to hold a 10-year U.S. government bond, widely used as a benchmark for global borrowing costs.