Tokenized Treasuries on Avalanche Surge 300% in a Year—Will the Momentum Push AVAX Toward $12 and Beyond?

Avalanche (CRYPTO: AVAX) is pushing toward $12 after strong monthly gains, as the total value of tokenized U.S. Treasuries on the network hits record levels.

Tokenization Boom on Avalanche

Year-over-year, the total value has jumped fourfold, or 300%, to $545 million, with 14% growth in the third quarter alone.

U.S. Treasuries have become the second-largest tokenized asset class on Avalanche, trailing only stablecoins, which total more than $930 million on the network, according to RWA.xyz data.

Avalanche now hosts more than $1.67 billion in tokenized assets, ranking it as the fifth-largest blockchain in this category.

Will Wall Street Sign Up for Avalanche?

Last week, South Korea unveiled rules allowing stocks, bonds and funds to be issued and traded as tokenized securities on Avalanche from 2027.

Veteran investor and media personality Kevin O’Leary said last month that Solana (CRYPTO: SOL) and Avalanche, not Ethereum (CRYPTO: ETH), are emerging as the networks attracting potential industry interest.

O’Leary specifically pointed out Avalanche’s "multi-chain" feature, called subnets, which have their own customized rules and independent validator sets.

Price Action: As of this writing, AVAX is down 1.40% in the last 24 hours to $11.19, according to Benzinga Pro. The coin is up over 40% in a month, approaching the key $12 level that it lost in late January.

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