Sei Network Reports 41% Rise in Tokenized US Treasury Holders Over Three Months

Sei Network published data showing that the number of holders of tokenized assets on its chain has grown by around 24% over the past month.

AMBCrypto, which reported the figure in October, also noted that

transfer volume surged 155% to $18 million

over the same 30-day period.

Data from analytics provider RWA.xyz points to a similar scale.

The Sei network carried 2,511 addresses holding tokenized real-world assets as of 22 October, with those balances valued at $291,045,594 on the RWA.xyz network dashboard

, according to COINOTAG. Rankings and totals on such dashboards shift as assets and holders are added, which may explain differences from the figures cited by Sei.

Treasury Products Drive Sei's RWA Push

Tokenised Treasuries have been a focus for the network since

Ondo announced the first-ever US government bond product tokenized on the Sei network. Ondo Finance deployed USDY, its flagship tokenized U.S. Treasury token, on Sei, and the Sei blog describes it as the largest tokenized Treasury product by TVL.

Sei has also been courting institutional issuers. In a June interview,

the Sei Development Foundation said tokenized fund products have begun appearing via platforms such as Kyo and Securitize, with global asset managers tokenizing funds on Sei.

The broader market provides the backdrop.

Tokenized real-world assets total about $38.8 billion on-chain, with tokenized US Treasuries the largest category at around $15.7 billion.

In that context, a chain with under $300 million in RWA value remains a small share of the total, though holder growth suggests increasing uptake.

Investors should note that holder counts and chain rankings can vary by data provider and methodology, and that growth in users does not necessarily translate into higher token prices.

Sources