Institutional adoption of tokenized Treasury products through blockchain infrastructure is expanding, signaling growing demand for onchain exposure to U.S. government securities.

"Several large financial firms now operate products in the segment. BlackRock's BUIDL is a tokenized money market fund distributed through Securitize, while Franklin Templeton's BENJI represents shares in its OnChain U.S. Government Money Fund."

"USDY will be integrated into Grvt Earn, where the tokenized Treasury product will become another source of returns behind the platform's existing base yield rather than an asset users need to buy or manage directly."