Asset Classes
Participants
Tokenized Treasuries
View tokenized US treasuries, bonds, and cash-equivalents and understand the nuances between them. Read our deep dive research report on tokenized treasuries on the RWA.xyz Research Blog.
Total Value
$8.42B
▲+0.77%from 7d ago
Avg. Yield to Maturity
3.93%
Total Assets
51
Holders
52,706
▼0.03%from 7d ago
Treasury Product Metrics
Show % of Total
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Market Caps
Group By
as of 10/11/2025
Top Net Flows
As of 10/11/2025
Top Entities
# | Protocol | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 | 3 | $2,909.1M | ▲27.63% | 34.56% ▲ | |
2 | 2 | $1,481.5M | ▲4.32% | 17.60% ▼ | |
3 | 1 | $861.1M | ▲14.45% | 10.23% ▲ | |
4 | 7 | $607.4M | ▼27.60% | 7.22% ▼ | |
5 | 1 | $597.8M | ▲3.24% | 7.10% ▼ | |
6 | 1 | $558.2M | ▲120.8% | 6.63% ▲ | |
7 | 1 | $346.0M | ▲2.51% | 4.11% ▼ | |
8 | 1 | $237.9M | ▼14.53% | 2.83% ▼ | |
9 | 1 | $222.5M | ▲9.21% | 2.64% ▼ | |
10 | 1 | $138.1M | ▲46.81% | 1.64% ▲ |
Treasury Products
51 Total📣 We now support asset reserves data for tokenized treasuries. Learn more here.
Product Name Issuer | Ticker | Platform | Networks | Market Cap | APY 7-Day Login to Unlock | APY 30-Day Login to Unlock | Eligible Investors | Holders Login to Unlock | Issuer Legal Name SEC CIK Number | Domicile Login to Unlock | License or Regulatory Framework Login to Unlock | Custodian Legal Identifier | Min. Investment Login to Unlock | Management Fees Login to Unlock | Subscription Fees Login to Unlock | Redemption Fees Login to Unlock | Performance Fees Login to Unlock | Terms Login to Unlock | Contract Address Login to Unlock |
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Product Name Issuer | Ticker | Platform | Networks | Market Cap | APY 7-Day Login to Unlock | APY 30-Day Login to Unlock | Eligible Investors | Holders Login to Unlock | Issuer Legal Name SEC CIK Number | Domicile Login to Unlock | License or Regulatory Framework Login to Unlock | Custodian Legal Identifier | Min. Investment Login to Unlock | Management Fees Login to Unlock | Subscription Fees Login to Unlock | Redemption Fees Login to Unlock | Performance Fees Login to Unlock | Terms Login to Unlock | Contract Address Login to Unlock |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund | BUIDL |        | $2,819,829,361 ▼ | — | — | U.S. Qualified Purchaser | 91 ▲ | BlackRock USD Institutional Digital Liquidity Fund Ltd. 0002013810 |  British Virgin Islands | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | Bank of New York Mellon 0000813905 | 5,000,000 USDC | 0.20-0.50% | 0% | 0% | 0% | — | 8 Addresses | |
Franklin OnChain U.S. Government Money FundFranklin Templeton | BENJI |   | $861,051,168 ▼ | — | — | U.S. and Global Retail | 932 ▼ | Franklin Templeton Trust 0001786958 |  United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | J.P. Morgan 0000835271 | — | 0.15% | 0% | 0% | 0% | 10 Addresses | ||
OUSG |  | $791,830,464 ▲ | 3.87% | 3.94% | U.S. Qualified Purchaser | 78 ▲ | Ondo I LP 0001957431 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | Clear Street LLC 0001708828 | 100,000 USDC | 0.15% | 0% | 0% | 0% | — | 4 Addresses | ||
Ondo U.S. Dollar YieldOndo USDY | USDY |     | $689,643,212 ▲ | 3.93% | 4.03% | Non-U.S. Investor | 15,921 ▲ | Ondo USDY LLC | United States of America | U.S. Money Services Business FinCEN - Financial Crimes Enforcement Network | Morgan Stanley Smith Barney LLC 0001092203 | — | 0% | 0% | 0% | 0% | — | 10 Addresses | |
WisdomTree Government Money Market Digital FundWisdomTree Government Money Market Digital Fund | WTGXX | | $600,831,620 ▲ | — | — | U.S. Retail and Institutional Investor | 599 △ | WisdomTree Government Money Market Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | Bank of New York Mellon 0000813905 | — | 0.25% | 0% | 0% | 0% | — | 7 Addresses | |
Circle USYCCircle | USYC |   | $597,828,701 ▼ | 3.62% | 3.55% | U.S. Qualified PurchaserNon-U.S. Investor | 52 ▲ | Circle Internet Financial LLC | United States of America | Cayman Islands Mutual Funds Act CIMA - Cayman Islands Monetary Authority | Bank of New York Mellon 0000813905 | 100,000 USDC | 0% | 0% | 0% | 10.00% | — | 4 Addresses | |
Superstate Short Duration US Government Securities FundSuperstate Asset Trust | USTB |  | $558,152,226 ▲ | 3.89% | 3.96% | U.S. Accredited InvestorU.S. Qualified Purchaser | 87 ▲ | Superstate Asset Trust 0002004367 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | UMB Bank, N.A. 0000854729 | 100,000 USDC | 0.15% | 0% | 0% | 0% | — | 3 Addresses | |
JTRSY |  | $345,961,776 ▲ | 4.19% | 3.72% | Professional Investor | 10 ▲ | Anemoy Capital SPC Limited | British Virgin Islands | British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission | Pershing LLC 0000029648 | 100,000 USDC | 0.25% | 0% | 0% | 0% | — | 5 Addresses | ||
OpenEden TBILL VaultTreasury Bills Institutional Liquidity Limited | TBILL | | $237,901,864 ▼ | 3.86% | 3.76% | U.S. Accredited InvestorProfessional Investor | 59 ▼ | Treasury Bills Institutional Liquidity Limited | British Virgin Islands | British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission | — | 100,000 USDC | 0% | 0% | 0.05% | 0% | 4 Addresses | ||
Fidelity Digital Interest TokenFidelity Investments | FDIT | $222,453,588 △ | — | — | Institutional Investor | 2 △ | FMR LLC | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | Bank of New York Mellon 0000813905 | — | 0.20% | 0% | 0% | 0% | — | |||
thBILL | — | $138,128,901 ▲ | — | — | Institutional InvestorNon-U.S. Accredited Investor | 205 ▲ | Theo Protocol Corporation |  Panama | Non-Regulated | — | — | 0% | 0% | 0% | 0% | — | |||
Delta Wellington Ultra Short Treasury On-Chain FundDelta Wellington Ultra Short Treasury On-Chain Fund | ULTRA | | $136,361,208 ▼ | 0.56% | 0.13% | Institutional InvestorAccredited Investor | 9 △ | Delta Wellington Ultra Short Treasury On-Chain Fund | — | Singapore Securities and Futures Act 2001 Monetary Authority of Singapore (MAS) | — | — | 0.32% | 0% | 0.45% | 0% | — | 3 Addresses | |
USTBL | | $116,607,597 ▲ | 3.98% | 3.90% | U.S. and Global Retail | 694 ▲ | Spiko SICAV |  France | UCITS Directive (Directive 2009/65/CE) & MMF Regulation (Regulation (EU) 2017/1131) AMF - French Autorité des Marchés Financiers | CACEIS | 1,000 USDC | 0.25% | 0% | 0% | 0% | — | 3 Addresses | ||
VanEck Treasury FundVanEck Treasury Fund | VBILL | | $84,601,653 ▲ | — | — | — | 18 ▲ | VanEck Treasury Fund, Ltd. | British Virgin Islands | — | — | 100,000 USD | 0.20% | 0% | 0% | 0% | — | 4 Addresses | |
Fidelity ILF USD Fund Class G AccSygnum Bank | FIUSD | $45,413,470 ▲ | — | — | — | 2 △ | Sygnum Bank | — | — | — | — | 0% | 0% | 0% | 0% | — | |||
OpenTrade Flexible Term USD VaultOpenTrade | XTBT | | $30,935,746 ▲ | — | — | — | 27 ▲ | OpenTrade SPC |  Cayman Islands | United Kingdom Financial Services and Markets Act 2000 Order 2005/1529 Exemptions FCA - United Kingdom Financial Conduct Authority | — | 100 USDC | 0.30% | 0% | 0% | 0% | — | 2 Addresses | |
Guggenheim Treasury Services DCPGreat Bridge | DCP | | $30,002,000 △ | — | — | — | 3 △ | Great Bridge Capital Company LLC | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | US Bancorp | — | 0% | 0% | 0% | 0% | — | 2 Addresses | |
Libre SAF VCC - USD I Money MarketLibre SAF VCC | — |    | $22,110,568 △ | — | — | Institutional InvestorAccredited Investor | 5 ▼ | Libre SAF VCC |  Singapore | — | — | 50,000 USD | 0.15% | 0% | 0% | 0% | — | 9 Addresses | |
nTBILL | $17,522,424 ▲ | 4.39% | 4.80% | — | 32,771 ▼ | Nest DAO LLC |  Republic of the Marshall Islands | — | — | — | 0% | 0% | 0% | 0% | — | ||||
abrdn Liquidity Fund (Lux) – US Dollar Fundabrdn Liquidity Fund | AAULF | | $15,560,284 ▲ | — | — | Institutional InvestorProfessional Investor | 3 △ | abrdn Liquidity Fund |  Luxembourg | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | — | 4 Addresses | |
Midas TBILLMidas | mTBILL | $14,026,346 ▲ | — | — | Non-U.S. Investor | 262 ▲ | Midas Software GmbH |  Germany | German Electronic Securities Act BMF - German Federal Ministry of Finance | Maerki Baumann & Co. AG 529900FMZSRFHZA8OU51 | — | 0% | 0% | 0% | 0% | — | |||
Backed IBTA $ Treasury Bond 0-1yrBacked Assets | bIB01 |  | $9,552,699 ▼ | — | — | Non-U.S. Investor | 90 ▲ | Backed Assets GmbH |  Switzerland | Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority | InCore Bank AG 529900V0KW3BY148IT37 | 5,000 USDC | 0% | 0.20% | 0.20% | 0% | 3 Addresses | ||
USFR.d |  | $7,260,480 ▼ | — | — | Non-U.S. Global Retail | 32 △ | Dinari, Inc. 0001898281 | United States of America | U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission | — | — | 0% | 0.25% | 0.50% | 0% | — | 4 Addresses | ||
USTY U.S. Treasury TokensYieldteq | USTY | $4,660,000 △ | — | — | Professional Investor | 1 △ | Yieldteq LLC 0001979984 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | 20,000 USDC | 0.15% | 0.05% | 0% | 0% | ||||
OpenTrade FT Money Market Fund YieldOpenTrade | XFTB | $3,491,501 △ | — | — | — | 3 △ | OpenTrade SPC | Cayman Islands | — | — | 100 BENJI | 0% | 0% | 0% | 0% | — | |||
Matrixdock Short-term Treasury Bill TokenPrometheus Solutions Ltd. | STBT | $3,112,970 △ | — | — | U.S. Accredited Investor | 47 ▼ | Prometheus Solutions Ltd. |  Seychelles | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | Bank of New York Mellon 0000813905 | — | 0.30% | 0% | 0% | 0% | — | |||
Etherfuse USTRYEtherfuse | USTRY | | $2,270,683 ▲ | 3.44% | 3.41% | Non-U.S. Investor | 260 ▲ | Etherfuse Inc | United States of America | Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority | Spiko SICAV | — | 0% | 0% | 0% | 0% | — | 2 Addresses | |
WisdomTree Floating Rate Treasury Digital FundWisdomTree Floating Rate Treasury Digital Fund | FLTTX | | $1,769,065 ▲ | — | — | U.S. Retail and Institutional Investor | 141 △ | WisdomTree Floating Rate Treasury Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | — | 0.05% | 0% | 0% | 0% | — | 7 Addresses | |
Backed IBTA $ Treasury Bond 1-3yrBacked Assets | bIBTA | | $1,247,232 ▼ | — | — | Non-U.S. Investor | 20 △ | Backed Assets GmbH | Switzerland | Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority | InCore Bank AG 529900V0KW3BY148IT37 | 5,000 USDC | 0% | 0.20% | 0.20% | 0% | 2 Addresses | ||
WisdomTree Short-Term Treasury Digital FundWisdomTree Short-Term Treasury Digital Fund | WTSYX | | $1,027,806 ▼ | — | — | U.S. Retail and Institutional Investor | 63 ▼ | WisdomTree Short-Term Treasury Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | 25 USD | 0.05% | 0% | 0% | 0% | — | 7 Addresses | |
WisdomTree 3-7 Year Treasury Digital FundWisdomTree 3-7 Year Treasury Digital Fund | WTTSX | | $1,000,944 ▼ | — | — | U.S. Retail and Institutional Investor | 29 ▲ | WisdomTree 3-7 Year Treasury Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | — | 0.05% | 0% | 0% | 0% | — | 7 Addresses | |
Real Yield TokenSolowin | RYT | | $1,000,101 ▲ | — | — | Non-U.S. Investor | 6 ▲ | Solowin Digital Horizon SP | Cayman Islands | Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority | Standard Chartered Bank (HK) Ltd. | — | 0% | 0% | 0% | 0% | — | 3 Addresses | |
WisdomTree TIPS Digital FundWisdomTree TIPS Digital Fund | TIPSX | | $974,252 ▲ | — | — | U.S. Retail and Institutional Investor | 33 △ | WisdomTree TIPS Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | Pershing LLC 0000029648 | — | 0.05% | 0% | 0% | 0% | — | 7 Addresses | |
WisdomTree 7-10 Year Treasury Digital FundWisdomTree 7-10 Year Treasury Digital Fund | WTSTX | | $962,820 ▼ | — | — | U.S. Retail and Institutional Investor | 19 ▲ | WisdomTree 7-10 Year Treasury Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | — | 0.05% | 0% | 0% | 0% | — | 8 Addresses | |
WisdomTree Long Term Treasury Digital FundWisdomTree Long Term Treasury Digital Fund | WTLGX | | $827,627 ▼ | — | — | U.S. Retail and Institutional Investor | 22 △ | WisdomTree Long Term Treasury Digital Fund 0001859001 | United States of America | U.S. Securities Act Form N-1A for Mutual Funds SEC - U.S. Securities and Exchange Commission | State Street Bank and Trust Company 0000093748 | — | 0.05% | 0% | 0% | 0% | — | 7 Addresses | |
ArCoinArca Labs | RCOIN | $438,828 △ | — | — | U.S. and Global Retail | 21 △ | Arca Labs | United States of America | U.S. Securities Act Form N-2 for Closed-end Funds SEC - U.S. Securities and Exchange Commission | — | 1,000 USD | 0.25% | 0% | 0% | 0% | ||||
Backed ZPR1 $ 1-3 Month T-BillBacked Assets | bZPR1 | $280,896 ▲ | — | — | Non-U.S. Investor | 2 △ | Backed Assets GmbH | Switzerland | Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority | InCore Bank AG 529900V0KW3BY148IT37 | 5,000 USDC | 0% | 0.20% | 0.20% | 0% | — | |||
TBV | $59,404 △ | — | — | Non-U.S. Accredited Investor | 11 △ | OpenTrade SPC | Cayman Islands | United Kingdom Financial Services and Markets Act 2000 Order 2005/1529 Exemptions FCA - United Kingdom Financial Conduct Authority | — | 100 USDC | 0.30% | 0% | 0% | 0% | — | 4 Addresses | |||
DMMF01 | $33,547 △ | — | — | Non-U.S. Accredited Investor | 5 △ | DigiFT (Tech) Singapore Pte. Ltd. | Singapore | Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore | — | 2,000 USDC | 0.30% | 0% | 0.10% | 0% | — | ||||
TBONDS01 | $22,228 ▼ | — | — | Non-U.S. Investor | 22 △ | SWARM X GmbH | Germany | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27 | — | 0.20% | 0.10% | 0.10% | 0% | |||||
TBONDS13 | $17,523 ▼ | — | — | Non-U.S. Investor | 30 △ | SWARM X GmbH | Germany | Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority | ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27 | — | 0.10% | 0.10% | 0.10% | 0% | |||||
BlackRock ICS US Treasury FundInstitutional Cash Series plc | ABUTF | | $1,635 △ | — | — | — | 1 △ | Institutional Cash Series plc 549300H04MP4ID5NV419 |  Ireland | MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI) | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | — | 2 Addresses | |
Fidelity ILF - The United States Dollar FundFidelity Institutional Liquidity Fund plc | AFULF | | $1,568 △ | — | — | — | 1 △ | Fidelity Institutional Liquidity Fund plc 254900CNJEQYMF3S3036 | Ireland | MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI) | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | — | 2 Addresses | |
State Street USD Liquidity LVNAV FundState Street Global Advisors | ASULF | | $903 △ | — | — | — | 1 △ | State Street Global Advisors | — | MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI) | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | — | 2 Addresses | |
tfBILL | $1 △ | — | — | Professional Investor | 2 △ | Adapt I LP | British Virgin Islands | British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission | TradeStation Securities, Inc. 0001002006 | 100,000 USDC | 0.30% | 0% | 0% | 0% | |||||
Cash Management Pool (USDC)Maple Protocol Pool Operations | MPLcashUSDC | | — | — | — | U.S. Accredited Investor | 12 △ | Protocol Pool Operations Pty Ltd. 0001995469 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | J.P. Morgan 0000835271 | 100,000 USDC | 0.50% | 0% | 0% | 0% | 2 Addresses | ||
Cash Management Pool (USDC-SPL)Maple Protocol Pool Operations | MPLcashUSDC-SPL | — | — | — | U.S. Accredited Investor | — | Protocol Pool Operations Pty Ltd. 0001995469 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | — | 100,000 USDC | 0.50% | 0% | 0% | 0% | ||||
Cash Management Pool (USDT)Maple Protocol Pool Operations | MPLcashUSDT | — | — | — | U.S. Accredited Investor | 2 △ | Protocol Pool Operations Pty Ltd. 0001995469 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | BNP Paribas SA. 0000872786 | 100,000 USDT | 1.00% | 0% | 0% | 0% | ||||
Fortunafi Tokenized Short-Term U.S. Bonds (International)Fortunafi Capital Intl | ifBILL | — | — | — | — | Non-U.S. Investor | — | Fortunafi Capital International LP 0002000551 | British Virgin Islands | British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission | — | 100,000 USDC | 0.25% | 0% | 0% | 0% | — | 0 Addresses | |
Fortunafi Tokenized Short-Term U.S. Bonds (U.S.)Fortunafi Capital US | fBILL | — | — | — | — | U.S. Qualified Purchaser | — | Fortunafi Capital US LP 0002000525 | United States of America | U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission | — | 25,000 USDC | 0.25% | 0% | 0% | 0% | — | 0 Addresses | |
LGIM US Dollar Liquidity FundLegal & General Investment Management Limited | ALULF | — | — | — | — | — | Legal & General Investment Management Ltd. |  United Kingdom | MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI) | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | — |
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