According to CoinDesk, according to data released by RWA.xyz, crypto investors have invested a total of US$614 million in U.S. Treasuries through different tokenized Treasury products. These products package U.S. Treasuries, bonds and money funds into tokens.
As the yield on U.S. Treasury bonds, which is widely considered to be the risk-free rate, exceeds the DeFi yield, investors’ demand for tokenized U.S. Treasuries is rising.