“Tokenized US Treasurys are projected to reach $3 billion in assets under management by the end of 2024. Data from Dune Analytics shows that there are currently $2.64 billion in tokenized government securities.

The vast majority of these government securities are US government debt funds, with only one fund, EUTBL on the Spiko protocol, focusing on Euro-denominated government securities.”

Like USD domination in stablecoins, U.S. treasuries are dominating the tokenized govt. securities market. https://cointelegraph.com/news/ecb-digital-bond-trials-fail-bring-issuance-costs-down-moodys