Tokenized U.S. Treasuries climbed to a new high of 15.35 billion dollars in value locked on May 13. Bitcoin held above 80,000 dollars but showed limited upside as traders weighed rising odds of a Federal Reserve rate increase. The shift comes ahead of key inflation data and political meetings.
The total value locked in tokenized Treasuries topped the previous mid-April peak of around 15.10 billion dollars, according to data from rwa.xyz. Investors moved into yield-bearing products such as BlackRock's BUIDL as expectations for Federal Reserve rate cuts faded and borrowing costs could rise instead.
