The market value of tokenized U.S. Treasuries has reached $15.20 billion at the start of May, marking a $1.06 billion increase over the past month, according to data from rwa.xyz. The average annual percentage yield (APY) for these assets was 3.36% over the past week. Circle's USYC leads the market with a valuation of $2.91 billion, followed by Blackrock's BUIDL at $2.58 billion, reflecting strong institutional interest. The top ten tokenized Treasury funds collectively exceed $13.9 billion, with significant contributions from Ondo U.S. Dollar Yield, Franklin Onchain U.S. Government Money Fund, and Janus Henderson Anemoy Treasury Fund. These funds are distributed across multiple blockchain networks, indicating a growing onchain demand and potential for further adoption. The remaining $4.28 billion is spread across 66 other assets, highlighting diversification in the sector.