Ondo USDY Hits $2.33B, Tops BlackRock BUIDL Fund at $2.20B

AI Market Summary

Ondo's USDY reaching $2.33B, overtaking BlackRock's BUIDL at $2.20B, signals that crypto-native tokenised treasury platforms can outcompete major institutions in the real-world-asset space. This validates the RWA thesis, sharpens attention on Ondo's franchise and could lift sentiment across tokenisation-linked tokens in the near term, though flows remain rate-sensitive.

Impact level

● Medium

Affected assets

ONDO/USDT-1.96%

AI Insight · ONDO/USDTAI Insight

▲ Bullish

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Ondo Finance USDY tokenized treasuries asset has reached $2.33 billion, putting it above the BlackRock BUIDL fund at $2.20 billion. The milestone shows a crypto native platform competing with a major traditional asset manager in tokenized Treasuries.

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