Tokenized treasury bond: the scale breaks through 8.6 billion US dollars and enters the financial infrastructure

The scale of token treasury bond has exceeded US $8.6 billion, shifting from passive income to active mortgage assets. Exchanges such as Bybit and Deribit accept tokenized money market funds for trading and margin, while DBS Bank tests their applications in repurchase and credit markets. Swift, Chainlink, and UBS connect tokenized funds to the banking system through ISO 20022 messages, enabling traditional settlement systems to trigger blockchain operations. This marks that token treasury bond has moved from encryption experiment to real financial infrastructure. （Cointelegraph）