According to the latest tokenization report released by Grayscale, the current scale of tokenized U.S. Treasury bond funds has exceeded $1 billion, of which Franklin OnChain U.S. Government Currency Fund (FOBXX) and BlackRock USD Institutional Digital Liquidity Fund (BUIDL) rank first and second. In addition, 60% of the tokenized U.S. Treasury bond fund AUM is on the Ethereum blockchain, 30% on the Stellar blockchain (for example, FOBXX was launched on the Stellar blockchain), and 10% on other blockchains.