The market capitalization of tokenized U.S. Treasury Bill funds has reached $7.0 billion. This figure represents a 50-fold increase since the beginning of 2024, highlighting rapid institutional adoption of on-chain government securities. Similarly, the market for tokenized commodities is expanding, with tokenized gold reaching a market cap of $3.6 billion. This sector has also seen a 50-fold increase since 2021, driven by demand for digital representations of physical assets.