According to data from the RWA monitoring platform RWA.xyz, as of September 21, the size of the tokenized U.S. Treasury market has exceeded $2.2 billion and is currently at $2.23 billion. Among them, BlackRock's BUIDL fund ranks first with a scale of $522 million; followed by Franklin Templeton's FOBXX fund with a scale of $435 million. Ondo Finance has a total TVL (tokenized US Treasury market value) of about $628 million (including OUSG and USDY), ranking first among all protocols. In addition, the value of U.S. Treasury tokens on the Ethereum chain is approximately $1.62 billion, ranking first among all networks, followed by Stellar (approximately $422 million).