Empire Newsletter: How 2 funds are dominating tokenized US Treasury products

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The value of tokenized US Treasury products has skyrocketed 1,000% since the start of this year, a Coinbase report revealed. 

I think we can all agree that’s a crazy statistic, though maybe not that surprising. The two big giants in this space right now are heavyweights, to say the least. You’ve got Franklin Templeton’s onchain government security fund and then you have BlackRock’s BUIDL. 

These tokenized products — which include the aforementioned funds — have reached a market cap of $1.29 billion. Per data from rwa.xyz, BUIDL has taken the…

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