Digital versions of U.S. government debt instruments issued by firms like Ondo Finance and Circle are driving rapid growth in blockchain-based fixed-income products.
The tokenized U.S. Treasury market has reached over $10 billion, according to Cointelegraph. This emerging sector involves the issuance of blockchain-based representations of U.S. government debt by firms such as Ondo Finance, Securitize, Circle, and Superstate. The milestone reflects increasing institutional and retail interest in on-chain fixed-income instruments, offering faster settlement and programmable features compared to traditional markets.