USTB Sees 300% Increase in Aave Deposits as RWA Meets DeFi

The tokenized US Treasury bond fund USTB has seen significant growth in its deposits into Aave during the second quarter, according to data from Token Terminal. The fund's Aave deposits increased by approximately 300% quarter-over-quarter.

This growth is a testament to the deepening integration of Real World Assets (RWA) with DeFi protocols. USTB is managed by Invesco and uses Superstate's FundOS for transfer agency and tokenization infrastructure issuance.