The process of tokenizing real-world assets (RWA) has captured significant attention in the latter months of 2023 and into 2024. Tom Wan, a data analyst with 21.co, part of 21shares, disclosed on March 27 that the tokenized U.S. Treasury bills on public blockchain platforms have now exceeded $1 billion. According to data tracked on Dune Analytics by 21.co, there’s currently $1.103 billion in tokenized government bonds available onchain. A recent Coingecko RWA study indicates that tokenized Treasury products grew 641% in 2023.