The tokenized U.S. government bonds exceeded KRW 9 trillion

The tokenized U.S. government bonds exceeded KRW 9 trillion, the report showed.

According to a report by TokenInsight, a virtual asset analysis platform on the 8th, the tokenized U.S. government bonds reached $6.75 billion by the 6th (local time).

This is a 68.36% increase from $3.982,95922 recorded at the end of last year.

The U.S. bond token is the largest, accounting for 42.59% of the total, jointly issued by BlackRock, the world's largest asset management company, and "BUIDL," a real asset tokenization and security token platform.

Franklin Templeton's "BENJI," the world's top 10 asset manager, ranked second with 11.38%, followed by the U.S. Treasury Bond-based Tokenization Fund (USTB) of Superstate, an asset manager using blockchain technology, with 9.67% and USDY of Ondo Finance, a real asset tokenization (RWA) blockchain project.

Among them, "UMODE," a project that began service this year, ranked fifth with 5.44%, and "FIGMENT," a blockchain data analysis platform, ranked sixth with 4.27%.

Afterward, "BLOCK DATA," a tokenized data provider, and "Vally Data," a blockchain project that provides liquidity solutions, followed with 3.0%.

Among the top 10, "FIGMENT," "Vally Data," and "UMODE" started services this year, and the remaining seven are projects that began last year.

In addition, President Trump's family blockchain project, "World Liberty Financial (WLF)," is launching a new project to tokenize U.S. government bonds.

World Liberty Financial (WLF), a blockchain project run by the Trump family, said in February that it was working with Ondo Finance, an RWA project.

Meanwhile, Bitcoin is trading at $97,799, up 0.38% from 24 hours ago.

Bitcoin's price rose the previous day even though its benchmark interest rate was frozen at the Federal Open Market Committee (FOMC) in May.

Bitcoin, which fell slightly before the interest rate announcement and was pushed to the $95,000 mark, recovered to the $97,000 mark after the rate announcement.

The U.S. Federal Reserve froze its key interest rate by 4.25 to 4.50%.

At the FOMC meeting on the 30th (local time) in May, the Fed decided to maintain the benchmark interest rate in the fourth quarter of this year by 4.25 to 4.50%, in line with market expectations.

However, economists polled by Dow Jones had predicted a 0.25 percentage point cut in the federal funds rate.

After the announcement, Fed Chairman Jerome Powell said at a press conference, "I think it is appropriate to be patient without feeling that there is a need to hurry (to cut interest rates). Our policy rates are in a good position while we wait for tariffs and tariffs to have a clearer impact on the economy."

In addition, he said, "I personally do not expect that we will cut interest rates this year, and I also do not expect a 'soft landing' to occur."

Moreover, regarding the possibility of a recession within 12 months, 70 out of 73 economists surveyed by the National Association of Business Economists predicted no recession.

Among the three economists who predicted a recession, one predicted a 50% probability and the other two predicted a less than 50% probability.

Among the economists who did not predict a recession, 48 believed that there was no possibility of a recession, while 22 economists predicted a 10% to 40% probability of a recession.

Among the economists who predicted no recession, one stated that the labor market was still strong and inflation was expected to moderate further.

Another economist said that although the outlook for the U.S. economy was uncertain, he did not expect a recession.

A third economist mentioned that the outlook for the U.S. economy was becoming increasingly pessimistic.

Meanwhile, Ethereum completed the Pectra upgrade around 7:20 p.m. on the 7th.

Ethereum has made several changes through the Pectra upgrade, including increasing the number of Ethereum that Valley Data can stake (deposit virtual assets on the blockchain) from 32 to