Over $1B in U.S. Treasury Notes Has Been Tokenized; FATF Calls for More Regions to Regulate Crypto

Over a billion dollars in us. Treasury notes have been tokenized and fad if wants more jurisdictions to get a handle on crypto. You're watching Coin desk daily. I'm your host, Jen Sani. The market for tokenized us. Treasury debt is booming over a billion dollars in us. Treasury notes have been tokenized on public blockchains. That's according to data tracked by 21 co. The tally has risen nearly tenfold since January 2023. Amid elevated interest rates worldwide. On March 20th, Blackrock announced an Ethereum based tokenized fund called Biddle, the second largest of such fund tailing only Franklin Templeton's Franklin on Chain us. Government money fund tokenized treasuries are digital representations of us government bonds that can be traded as tokens on blockchains. According to a report by Canaccord, the upcoming Bitcoin having could bolster ETF tailwinds for the largest Cryptocurrency by market cap. The financial services firm said next month's H has introduced uncertainty about the profitability of some miners and spot ETF S have given equity investors an alternative means of gaining exposure to Bitcoin. The report said quote, if history were to repeat itself an even more bullish period for Bitcoin and crypto could potentially be on the horizon in the months following this having end quote and fewer than 30% of jurisdictions around the globe have started regulating the crypto sector as of June last year. That's according to the financial action task force, President T Rajat Kumar. He said in an interview with Coin Des that the low level of attention warrants a call to action. In a report, the organization recommended that jurisdictions move to get a better handle on money laundering and terror financing risks posed by crypto f if recommendations are not mandatory but non aiding jurisdictions could face global isolation through drops in their credibility ratings and other actions. That's it for Coindesk Daily today, get more updates on coindesk.com and we'll see you next time.