⚡️ RESEARCH: Tokenized Treasurys remain led by BlackRock’s BUIDL at 33%, but diversification is growing as Franklin Templeton, Ondo and Circle expand their share.Access is mostly limited to Qualified Purchasers, redemptions follow traditional cut-off times, and exchanges apply haircuts of about 10% versus 2% in repo markets.As the infrastructure matures, will these gaps start to close? ...

🔎 RESEARCH: Tokenized Treasurys have crossed $8.6B and are shifting from passive yield to active collateral.Exchanges like Bybit and Deribit now accept tokenized MMFs for trading and margin, while banks like DBS are testing them in repo and credit markets.Swift, Chainlink and UBS have connected tokenized funds to the banking system using ISO 20022 messages; letting traditional settlement systems trigger blockchain actions.This marks tokenized Treasurys moving from crypto experiments to real financial infras ...