BUIDL, Securitize's tokenized Treasury fund, reclaimed the largest market share among U.S. Treasury tokens with $2.8B market cap (18.5% of the $15.1B sector).
RWA & Tokenization ·
According to Token Terminal data, BUIDL has reclaimed the top position among tokenized U.S. Treasury funds with a market capitalization of approximately $2.8 billion, representing 18.5% of the $15.1 billion sector. Issued by Securitize, BUIDL narrowly surpassed Circle's USYC to regain its standing as the largest product in this category.
The tokenized Treasury fund market has grown to over $15 billion in total value, with BUIDL's $2.8 billion position reflecting heightened institutional and retail interest in on-chain Treasury exposure. These products allow investors to hold U.S. Treasury obligations through blockchain infrastructure, combining yield-bearing assets with token accessibility.
The dynamics driving BUIDL's market leadership remain subject to ongoing shifts, as competing products like USYC continue to capture significant share. It is unclear whether the narrow margin between the top two funds reflects sustained competitive positioning or reflects temporary market conditions.