21co Analysts Predict Tokenized U.S. Treasuries to Reach $3 Billion by Year's End

Tokenized U.S. Treasuries will reach a market cap of $3 billion by the end of 2024, according to 21co analyst Tom Wan. This trend is largely driven by the need for diversification and stability in DeFi projects and decentralized autonomous organizations (DAOs), which are assets that have become particularly attractive, especially in the current high interest rate environment.

Currently, there are more than 15 tokenized U.S. Treasury products on the Ethernet Virtual Machine (EVM) chain, with assets under management totaling nearly $2 billion. As more DAO and DeFi projects adopt these products, the tokenized U.S. Treasury market is expected to surpass the $3 billion mark by the end of the year, according to the analysis.