DeFi protocols are ditching opaque stablecoin reserves for tokenized T-bills on public blockchains. Here’s how on-chain Treasuries are reshaping crypto’s relationship with the Fed—and why the math finally works.
Real-world asset tokenization is bridging TradFi and DeFi as institutional giants like BlackRock and Franklin Templeton bring treasuries, private credit, and yield-bearing commodities on-chain.