Tokenization of U.S. Treasury securities in 2023 increased from $114 million in January to $831 million in December

According to a report by Tokenized Assets Alliance (TAC), the tokenization of US Treasury bonds will see significant growth in 2023, with an increase of over 600% from $114 million in January to $831 million in December, mainly concentrated in products offered by Franklin Templeton and Ondo Finance. The total value of private credit platforms is expected to surge by 89% in 2023, from $256 million to $485 million.

The report predicts that despite regulatory uncertainty, liquidity issues, and infrastructure problems, tokenization will continue to grow in 2024. Stablecoins, private credit, tokenized treasuries, and digital bonds will continue to develop, promoting the overall adoption of tokenized assets in the market.