Tokenized treasuries on Avalanche have grown to $1.1 billion in value, according to a post on X, up 115 percent over the past month.
The gains reflect broader interest in real-world assets on blockchain networks. Avalanche competes with Ethereum and other chains to host tokenized government debt and corporate securities. BlackRock's BUIDL fund, which tracks short-term treasury bills on Avalanche, has exceeded $900 million in assets, according to separate reporting.
Holdings data from the RWA.xyz tracker shows distributed real-world asset value on Avalanche ranging between $967 million and $1.16 billion in recent weeks, with 30-day growth of approximately 45 percent. The broader tokenized treasury market across all chains exceeded $15 billion in value as of late 2024.
Avalanche's appeal to RWA issuers includes low transaction costs and high throughput. Ethereum remains the dominant network for tokenized treasuries by total value locked, though multiple chains have attracted significant capital in the category over the past year.
The category has drawn institutional participation from traditional finance firms and crypto-native asset managers, both building or integrating tokenized treasury products into their platforms.
