Securitize, J.P. Morgan, Franklin Templeton drive $65M in tokenized Treasury market cap growth in one week

Securitize, J.P. Morgan, and Franklin Templeton are rapidly expanding the market for tokenized U.S. Treasury products, which recently surpassed a multi-billion-dollar total valuation. Over the past week alone, these three institutions added $65.1 million in market capitalization to their respective blockchain-native offerings. Securitize has emerged as a dominant platform, recording $580 million in growth over the last 30 days, bolstered by its role in powering BlackRock’s BUIDL fund and its recent NYSE listing. Meanwhile, J.P. Morgan continues to utilize its Kinexys platform to stress-test institutional fund settlements, adding $105.1 million in market cap over the same period. Franklin Templeton maintains a significant presence with its OnChain US Government Money Fund, which holds approximately $721 million in assets and benefits from a landmark SEC no-action letter. This shift toward on-chain Treasuries reduces settlement friction and provides programmable, yield-bearing collateral for DeFi ecosystems. By replacing legacy clearing systems with blockchain infrastructure, these firms are bridging the gap between traditional finance and decentralized lending markets. This trend signifies a maturing RWA sector where regulatory clarity and institutional participation are driving sustainable growth.