Tokenized Treasuries: $16.2B Record Market Cap

Onchain Treasury funds hit a record $16.2 billion market cap, surging +77% year-to-date as investors deposit tokenized US Treasuries to borrow stablecoins and deploy them into DeFi strategies on platforms like Jupiter, with looping mechanisms pushing annualized yields above 10% in select cases and establishing tokenized Treasuries as core onchain finance infrastructure.