In this episode, Lucas and Luna explore the booming market for tokenized US Treasuries on blockchain. As the Fed holds rates steady with three dissenters voting to hike, on-chain Treasury products have surpassed $5 billion in total value, offering global investors access to dollar yields without traditional gatekeepers. The hosts discuss how platforms like Ondo and Maple are bridging DeFi and TradFi, the regulatory progress under the SEC's new framework, and why payment giants like Visa and Mastercard are also benefiting from the on-chain trend. They unpack the data: Bitcoin down, Ethereum flat, while tokenized Treasuries yield over 4.5%. The episode also touches on institutional adoption, stablecoin settlement, and what a potential rate hike could mean for this nascent asset class. A focused look at how blockchain is making government bonds programmable, accessible, and liquid.