The market for tokenized U.S. Treasury debt is booming. Over a billion dollars in U.S.

Treasury notes have been tokenized on public blockchains. That's according to data tracked by 21 Co.

The tally has risen nearly 10fold 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 U.S. government money fund. Tokenized treasuries are digital representations

of U.S. government bonds that can be traded as tokens on blockchains.

According to a report by Canacord, the upcoming Bitcoin halving could bolster ETF

for the largest cryptocurrency by market cap. The financial services firm said next month's

having has introduced uncertainty about the profitability of some miners and spot ETFs 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. Rajak Kumar. He said in an interview with CoinDest 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. Faddafi recommendations are not

mandatory but non-abiding 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.

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