Data compiled by asset management firm 21.co, the parent company of bitcoin exchange-traded fund provider 21Shares, shows more than $1 billion worth of U.S. Treasuries are now tokenized on public blockchains, including Ethereum and Polygon.

“Just happened, $1 billion total tokenized U.S. Treasuries on public blockchains,” 21.co data analyst Tom Wan posted late Wednesday. Tokenized government securities currently manage $1.07 billion in assets across 17 products, according to 21.co’s Dune Analytics dashboard — up more than 20% over the past week.

Franklin Templeton’s tokenized U.S. Government Money Fund, represented by the BENJI token on Polygon and Stellar, leads the niche, with its 33.6% market share representing $360.2 million in assets. Franklin Templeton was also one of the first to …