BlackRock’s BUIDL and Franklin Templeton’s BENJI posted the largest market cap increases among tokenized US Treasury products over the past 24 hours, underscoring how quickly traditional finance is moving on-chain. BlackRock’s BUIDL now holds approximately $2.7 billion in total assets under management, while Franklin Templeton’s BENJI totals roughly $727 million. The tokenized Treasury market has grown from under $1 billion in early 2024 to an estimated $10 billion to $17 billion by mid-2026. Together, these two products account for nearly half of the entire on-chain tokenized Treasury market, reflecting growing adoption of government debt in tokenized form.
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