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Tokenized Treasuries

Last updated 17 October 2026Last verified 17 October 2026

What are tokenized treasuries?

On-chain tokens representing shares in short-term US Treasury funds, a fast-growing real-world-asset category whose largest funds include BlackRock's BUIDL. They let on-chain capital earn government-bond yield, which payment-stablecoin issuers are barred from passing through under MiCA and, once it takes effect, the US GENIUS Act.

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