The market for tokenized U.S. Treasury securities is projected to exceed $3 billion by the end of 2024, driven by their stable yields and security during market volatility, according to analysts from 21.co.
A recent report from EY Parthenon highlights increasing institutional interest in tokenized assets for portfolio diversification.
In a significant development, Bake, a crypto super-app, has partnered with OpenEden Labs to offer tokenized U.S. Treasury Bills (T-bills) with an annual percentage yield (APY) of 5.0%.
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#undefined [Source: TheDefiant]