Tokenized US Treasuries Hit a Record $16.2 Billion Onchain

The market capitalization of onchain US Treasury funds has reached a record $16.2 billion , up 77% year-to-date , as investors seek yield-bearing collateral within DeFi.
Users are increasingly depositing tokenized Treasury bills, borrowing stablecoins against them and deploying that capital into additional strategies. On platforms such as Jupiter, these positions can be repeatedly “looped,” pushing annualized yields above 10% in some cases.
Tokenized Treasuries are rapidly becoming a core building block of onchain finance.