Tokenized U.S. Treasuries

Explore tokenized U.S. government debt, including Treasury bills, notes, bonds, and Treasury-focused money market funds.

Distributed Value

$15.58B

▲+4.46%from 30d ago

Represented Value

$90.77M

▼45.95%from 30d ago

7D APY

3.47%

▲+6.10%from 7d ago

Assets

Holders

63,886

▼0.15%from 7d ago

Tokenized Treasury Metrics

Asset Type

Metric

Show % of Total

Group By

Tokenized Treasury League Table

#	Platform	RWA Count	Total Value	30D%	Market Share
1	Circle	1	$3.1B	▲1.94%	19.70% ▼
2	Securitize	4	$3.1B	▲25.54%	19.66% ▲
3	Ondo	8	$2.7B	▼2.37%	17.17% ▼
4	Franklin Templeton Benji Investments	4	$2.5B	▼1.31%	15.85% ▼
5	Centrifuge	2	$892.0M	▲0.58%	5.72% ▼
6	Libeara	5	$786.5M	▼4.24%	5.05% ▼
7	WisdomTree	7	$770.8M	▼4.00%	4.95% ▼
8	Superstate	1	$694.8M	▼7.63%	4.46% ▼
9	OpenEden Digital	1	$212.8M	▼1.64%	1.37% ▼
10	Galaxy Digital	1	$200.5M	▲891.1%	1.29% ▲

Tokenized Treasury Value

Group By

as of 07/12/2026

Tokenized Treasury Net Flows

As of 07/12/2026

Tokenized Treasury Latest Transactions

#	Asset	USD Amount	Date	Network
1	USTB	$99,785	07/06/26	Ethereum
2	USTB	$99,785	07/06/26	Ethereum
3	USDM1	$87,400	07/11/26	Ethereum
4	USDM1	$87,381	07/10/26	Ethereum
5	USDM1	$87,135	07/09/26	Ethereum
6	USTB	$86,464	07/08/26	Ethereum
7	USTB	$86,464	07/08/26	Ethereum
8	USDM1	$86,419	07/08/26	Ethereum
9	USDM1	$85,960	07/07/26	Ethereum
10	USDM1	$85,865	07/06/26	Ethereum

Tokenized Treasuries

84 Total

Name Ticker	Platform	Networks	Total Value	7D APY	Eligible Investors	Holders	Tokenization Type	Issuer Legal Name SEC CIK Number	Domicile	Regulatory Framework	Custodian Legal Identifier	Min. Investment	Management Fees	Subscription Fees	Redemption Fees	Performance Fees	Terms	Contract Address

Name Ticker	Platform	Networks	Total Value	7D APY	Eligible Investors	Holders	Tokenization Type	Issuer Legal Name SEC CIK Number	Domicile	Regulatory Framework	Custodian Legal Identifier	Min. Investment	Management Fees	Subscription Fees	Redemption Fees	Performance Fees	Terms	Contract Address
Circle USYCUSYC	Circle		$3,070,316,721 ▼	4.05% ▲	Non-U.S. Investor	47 △	Distributed	Circle International Bermuda Limited 0001869343	Bermuda	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	—	100,000 USDC	0%	0%	0%	10.00%	—	3 Addresses
BlackRock USD Institutional Digital Liquidity FundBUIDL	Securitize		$2,868,917,406 ▲	3.40% ▼	U.S. Qualified Purchaser	113 ▲	Distributed	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 Corporation 0000813905	5,000,000 USD	0.20-0.50%	0%	0%	0%	—	9 Addresses
Ondo U.S. Dollar YieldUSDY	Ondo		$2,159,068,835 ▲	3.49% ▲	Non-U.S. Investor	16,555 ▼	Distributed	Ondo USDY LLC 0001949480	United States of America	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Morgan Stanley Smith Barney LLC 0001092203	1 USDC	0%	0%	0%	0%	—	13 Addresses
iBENJIiBENJI	Franklin Templeton Benji Investments		$1,625,192,299 ▲	—	Institutional Investor	34 ▲	Distributed	Franklin OnChain Institutional Liquidity Fund Ltd. 0002068319	British Virgin Islands	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	—	5,000,000 USD	0.50%	0%	0%	0%	—	2 Addresses
Janus Henderson Anemoy Treasury FundJTRSY	Centrifuge		$881,769,324 ▲	2.00% ▼	Professional InvestorNon-U.S. Accredited Investor	21 ▲	Distributed	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	500,000 USDC	0.25%	0%	0%	0%	—	9 Addresses
WisdomTree Treasury Money Market Digital FundWTGXX	WisdomTree		$764,465,075 ▲	3.50% ▼	U.S. Retail and Institutional Investor	922 ▲	Distributed	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 Corporation 0000813905	1 USD	0.25%	0%	0%	0%	—	8 Addresses
BENJIBENJI	Franklin Templeton Benji Investments		$760,927,948 ▲	3.50% ▲	U.S. Retail and Institutional Investor	1,121 ▲	Distributed	Franklin Templeton Trust 0001786958	United States of America	Investment Company Act of 1940 SEC - U.S. Securities and Exchange Commission	J.P. Morgan 0000835271	20 USD	0.20%	0%	0%	0%	Franklin Templeton Trust Form N-1A	8 Addresses
Invesco Short Duration US Government Securities FundUSTB	Superstate		$694,830,978 ▼	3.43% ▲	U.S. Qualified PurchaserU.S. Accredited Investor	104 ▲	Distributed	Superstate Asset Trust	United States of America	U.S. Securities Act Reg. D Exemption Rule 506(c) SEC - U.S. Securities and Exchange Commission	UMB Bank, National Association 0000854729	100,000 USD	0.15%	0%	0%	0%	—	3 Addresses
ChinaAMC USD Digital Money Market Fund Class I USDCUMIU	Libeara	Ethereum	$549,559,975 ▲	3.82% ▼	Non-U.S. Investor	1 △	Distributed	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	1,000 USD	0.05%	0%	0%	0%	—	0x85d...c0d04f
Ondo Short-Term US Government Bond FundOUSG	Ondo		$480,437,752 ▼	3.81% ▲	U.S. Qualified Purchaser	61 ▲	Distributed	Ondo I LP 0001957431	United States of America	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	Clear Street LLC 0001708828	100,000 USD	0.15%	0%	0%	0%	—	4 Addresses
OpenEden TBILL VaultTBILL	OpenEden Digital		$212,759,819 ▲	3.37% ▼	Professional InvestorU.S. Accredited Investor	44 ▲	Distributed	Treasury Bills Institutional Liquidity Limited 0001969867	British Virgin Islands	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	Bank of New York Mellon Corporation 0000813905	100,000 USDC	0.31%	0%	0.05%	0%	—	5 Addresses
State Street Galaxy OnChain Liquidity Sweep FundSWEEP	Galaxy Digital	Solana	$200,458,452 ▲	1.77% ▼	Accredited InvestorU.S. Qualified Purchaser	4 ▲	Distributed	SSGA Funds Management, Inc. 0001257442	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	1,000,000 PYUSD	0.50%	0%	0%	0%	—	AgBSD...ZkRPhB
VanEck Treasury FundVBILL	Securitize		$190,441,586 ▲	2.47% ▲	Non-U.S. Accredited InvestorInstitutional Investor	27 ▼	Distributed	VanEck Treasury Fund, Ltd. 0002068562	British Virgin Islands	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	—	100,000 USD	0.20%	0%	0%	0%	—	4 Addresses
Spiko US T-Bills Money Market FundUSTBL	Spiko		$152,792,247 ▲	3.98% ▲	U.S. and Global Retail	889 ▼	Distributed	Spiko SICAV	France	UCITS Directive (2009/65/EC) National Competent Authority (of the EU Member State of authorisation), with ESMA coordination	CACEIS	1,000 EUR	0.30%	0%	0%	0%	—	5 Addresses
Bosera Digital Liquidity Income Fund SPBELIF	Libeara	Ethereum	$102,707,388 ▲	—	Non-U.S. Accredited Investor	1 △	Distributed	Bosera Digital Liquidity Income Fund SP	Cayman Islands	Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) The Hong Kong Securities and Futures Commission (SFC)	Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13	100,000 HKD	0.20%	0%	0%	0%	—	0x237...0df180
Theo Short Duration US Treasury FundthBILL	Theo		$102,703,419 ▼	3.35% ▲	Institutional InvestorNon-U.S. Accredited Investor	4,366 △	Distributed	Theo Protocol Corporation	Panama	Non-Regulated	—	0 USDC	0%	0%	0%	0%	—	2 Addresses
My OnChain Net Yield FundMONY	Kinexys Digital Assets	Ethereum	$102,030,791 ▲	—	U.S. Qualified PurchaserAccredited Investor	3 △	Distributed	My Onchain Net Yield Fund LTD	British Virgin Islands	U.S. Securities Act Reg. D Exemption Rule 506(c) SEC - U.S. Securities and Exchange Commission	JPMorgan Chase & Co.	1,000,000 USD	0.16%	0%	0%	0%	—	0x6a7...53bd46
Delta Wellington Ultra Short Treasury On-Chain FundULTRA	Libeara		$86,263,487 ▼	3.41% ▲	Institutional InvestorAccredited Investor	16 ▼	Distributed	Delta Wellington Ultra Short Treasury On‑Chain Fund	Singapore	Singapore Securities and Futures Act 2001 Monetary Authority of Singapore (MAS)	—	—	0.15%	0%	0%	0%	—	4 Addresses
Fidelity International USD Digital Liquidity Fund SPFILQ	Sygnum Bank	Ethereum	$75,249,775 ▲	—	Non-U.S. Accredited Investor	5 ▲	Distributed	Fidelity International Strategies Funds SPC	Cayman Islands	Cayman Islands Mutual Funds Act CIMA - Cayman Islands Monetary Authority	J.P. Morgan SE, Dublin Branch (Depositary) 0001980365	100,000 FIDD	0.50%	0%	0%	0%	—	2 Addresses
Fidelity Digital Interest TokenFDIT	Fidelity Investments	Ethereum	$72,998,442 ▼	—	Institutional Investor	4 △	Represented	FMR LLC 0000315066	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 Corporation 0000813905	—	0.20%	0%	0%	0%	—	0x48a...02717f
gBENJIgBENJI	Franklin Templeton Benji Investments	Stellar	$54,512,452 ▼	—	Non-U.S. Investor	10 ▲	Distributed	Franklin Templeton OnChain Funds	Luxembourg	EU UCITS Directive CSSF	—	—	0.15%	0%	0%	0%	—	2 Addresses
Midas TBILLmTBILL	Midas		$52,363,170 ▲	3.10% ▼	Non-U.S. Investor	3,253 ▼	Distributed	Midas Software GmbH	Germany	German Electronic Securities Act BMF - German Federal Ministry of Finance	Maerki Baumann & Co. AG 529900FMZSRFHZA8OU51	0 USDC	0%	0%	0%	0%	—	2 Addresses
Blackrock ICS US Dollar Liquidity Fund (Kaio Tokenized)CASHx	KAIO		$43,843,459 ▲	1.63% ▼	Accredited InvestorInstitutional Investor	20 △	Distributed	Libre SAF VCC	Singapore	Singapore Securities and Futures Act 2001 – Capital Markets Services License for Fund Management Monetary Authority of Singapore	—	50,000 USD	0.15%	0%	0%	0%	—	11 Addresses
Guggenheim Treasury Services DCPDCP	Zeconomy		$40,356,901 △	—	U.S. Qualified PurchaserNon-U.S. Accredited Investor	4 △	Distributed	Great Bridge Capital Company LLC	United States of America	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	U.S. Bancorp 0000036104	250,000 USD	0%	0%	0%	0%	—	2 Addresses
ChinaAMC USD Digital Money Market Fund Class B USDCUMBU	Libeara	Ethereum	$31,113,155 ▲	3.47% ▼	Non-U.S. Investor	2 △	Distributed	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	0 USD	0.40%	0%	0%	0%	—	0x1aa...5f3bbf
sgBENJIsgBENJI	Franklin Templeton Benji Investments	Stellar	$29,937,196 ▲	—	Non-U.S. Investor	10 ▼	Distributed	Franklin Templeton Investments VCC	Singapore	Singapore Securities and Futures Act 2001 Monetary Authority of Singapore (MAS)	—	20 USD	0.20%	0%	0%	0%	—	sgBEN...VZBM5C
iShares 20+ Year Treasury Bond ETF (Ondo Tokenized)TLTon	Ondo		$19,007,333 ▼	—	Non-U.S. Investor	252 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
UBS USD Money Market Investment Fund TokenuMINT	UBS Tokenize	Ethereum	$18,003,511 ▼	—	Institutional InvestorAccredited Investor	29 ▼	Distributed	UBS (SG) Global Opportunities VCC	Singapore	Singapore — Variable Capital Companies Act 2018 (VCC) Monetary Authority of Singapore (MAS)	State Street Bank and Trust Company 0000093748	0 USD	0.40%	0%	0%	0%	—	0xc06...20df0b
Fidelity ILF USD Fund Class G AccFIUSD	Sygnum Bank	ZKsync Era	$17,775,631 ▼	—	—	2 ▼	Represented	Sygnum Bank AG	—	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	—	—	0.25%	0%	0%	0%	—	0x2ab...7627f9
ChinaAMC USD Digital Money Market Fund Class F USDCUMFU	Libeara	Ethereum	$16,893,390 ▼	3.27% ▼	Non-U.S. Investor	5 △	Distributed	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	—	0.60%	0%	0%	0%	—	0xdbf...ad25d9
Matrixdock Short-term Treasury Bill TokenSTBT	Matrixdock	Ethereum	$16,883,480 △	—	U.S. Accredited Investor	44 △	Distributed	Prometheus Solutions Ltd.	Seychelles	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	Bank of New York Mellon Corporation 0000813905	—	0.30%	0%	0%	0%	—	0x530...45b44a
abrdn Liquidity Fund (Lux) – US Dollar FundAAULF	Archax		$16,336,900 ▲	—	Professional InvestorInstitutional Investor	13 ▼	Distributed	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
BlackRock ICS US Treasury FundABUTF	Archax		$15,283,336 ▼	—	—	3 △	Distributed	Institutional Cash Series plc	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 FundAFULF	Archax		$14,289,476 ▲	—	—	3 △	Distributed	Fidelity Institutional Liquidity Fund plc	Ireland	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	2 Addresses
USDC Liquidity Vault 1XUSDC-LIQ-1	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$13,891,183 ▼	0% △	Institutional Investor+ 4 More	2 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x740...381faa
Arca Institutional U.S. Treasury FundTFND	tZERO	Avalanche C-Chain	$13,560,972 ▼	2.91% ▲	Accredited InvestorU.S. Qualified Purchaser	2 ▲	Distributed	tZERO Securities, LLC 0001193821	United States of America	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	U.S. Bancorp 0000036104	100,000 USD	0.80%	0%	0%	0%	—	0x586...aed4a1
Etherfuse USTRYUSTRY	Etherfuse		$12,314,175 ▲	2.66% ▼	Non-U.S. Investor	1,961 ▲	Distributed	Etherfuse Inc	United States of America	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	Spiko SICAV	—	0.25%	0%	0%	0%	—	4 Addresses
iShares TIPS Bond ETF (Ondo Tokenized)TIPon	Ondo		$11,289,516 ▼	—	Non-U.S. Investor	70 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
WisdomTree Floating Rate Treasury FundUSFR.d	Dinari		$10,788,075 ▲	—	Non-U.S. Global Retail	51 ▲	Distributed	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%	—	3 Addresses
DeFi Janus Henderson Anemoy Treasury Fund TokendeJTRSY	Centrifuge		$10,209,691 ▲	2.00% ▼	Non-U.S. Accredited Investor	34 ▲	Distributed	Centrifuge	United States of America	Non-Regulated	Pershing LLC 0000029648	1,000 USDC	0.25%	0%	0%	0%	—	6 Addresses
State Street USD Liquidity FundSSGUSD	EVIDENT	Polygon	$10,076,910 ▼	—	Non-U.S. Accredited Investor	7 ▼	Distributed	Evident Platform Services Limited	Hong Kong	Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) The Hong Kong Securities and Futures Commission (SFC)	—	100 USD	0.20%	0.10%	0%	0%	—	0x59c...e6f861
USDC Money Market Fund V5 Yield VaultXMMF	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$7,213,450 ▲	3.15% ▲	Accredited Investor+ 3 More	12 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x09c...b5e5d2
iShares 0-3 Month Treasury Bond ETF (Ondo Tokenized)SGOVon	Ondo		$6,496,650 ▼	—	Non-U.S. Investor	154 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
CMBI USD Money Market Fund TokenCMBMINT	DigiFT		$5,322,331 ▲	3.35% ▲	Accredited InvestorProfessional Investor	8 ▼	Distributed	DigiFT (Tech) Singapore Pte. Ltd.	Singapore	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	—	1,000 USD	0.60%	0%	0%	0%	—	4 Addresses
State Street USD Liquidity LVNAV FundASULF	Archax		$5,271,148 △	—	—	3 △	Distributed	SSGA Funds Management, Inc. 0001257442	United States of America	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	2 Addresses
LGIM US Dollar Liquidity FundALULF	Archax	Hedera	$5,267,700 △	—	—	1 △	Distributed	Legal & General Investment Management Ltd. 0001495115	United Kingdom	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	0.0.9379157
USTY U.S. Treasury TokensUSTY	Securitize	XDC	$4,660,000 △	—	Professional Investor	1 △	Distributed	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%	Yieldteq USTY U.S. Treasury Tokens Digital Docs	0x355...cb62f3
Real Yield TokenRYT	AlloyX		$2,047,418 △	0% △	Non-U.S. Investor	24 △	Distributed	Solowin Digital Horizon SP 0001959224	Cayman Islands	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13	—	0.20%	0%	0%	0%	—	3 Addresses
USDC Liquidity Vault 2XUSDC-LIQ-2	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$1,799,021 △	0% △	U.S. Qualified Purchaser+ 4 More	2 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x927...fdf723
Nest Treasury VaultnTBILL	Nest		$1,702,885 ▲	0.70% ▼	Non-U.S. Investor	32,232 ▼	Distributed	Nest DAO LLC	Republic of the Marshall Islands	Non-Regulated	—	—	0%	0%	0%	0%	—	2 Addresses
Backed IBTA $ Treasury Bond 0-1yrbIB01	Backed Finance		$1,694,491 △	—	Non-U.S. Investor	130 ▼	Distributed	Backed Assets (JE) Limited	Jersey, Channel Islands	U.S. Securities Act Form N-2 for Closed-end Funds SEC - U.S. Securities and Exchange Commission	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0.25%	0.20%	0.20%	0%	Backed IB01 $ Treasury Bond 0-1yr (bIB01) Prospectus	7 Addresses
CMS Asseto Secure Hodl+ \| CMS USD Money Market FundCASH+	Asseto		$1,680,301 ▲	—	Non-U.S. Investor	37 ▼	Distributed	Reale Assets Limited	British Virgin Islands	Hong Kong SFC-authorized fund Securities and Futures Commission (SFC) of Hong Kong	Bank of China (Hong Kong) Limited 0001127449	100 USDC	0.30%	0%	0%	0%	—	2 Addresses
WisdomTree Floating Rate Treasury Digital FundFLTTX	WisdomTree		$1,653,275 ▲	—	U.S. Retail and Institutional Investor	154 ▼	Distributed	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
USDM1USDM1	M1X Global		$1,272,426 ▲	1.68% △	Non-U.S. InvestorU.S. Accredited Investor	461 ▲	Distributed	Republic of the Marshall Islands 0000931488	Republic of the Marshall Islands	Republic of the Marshall Islands - Fiscal Debt and Responsibility Act 2020 Government of the Republic of the Marshall Islands (Ministry of Finance)	Surus, Inc.	1 USD	0%	0%	0%	0%	—	3 Addresses
Backed IBTA $ Treasury Bond 1-3yrbIBTA	Backed Finance		$1,086,450 △	—	Non-U.S. Investor	22 ▲	Distributed	Backed Assets (JE) Limited	Jersey, Channel Islands	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0%	0.20%	0.20%	0%	Backed IBTA $ Treasury Bond 1-3yr (bIBTA) Prospectus	3 Addresses
WisdomTree Short-Term Treasury Digital FundWTSYX	WisdomTree		$1,023,805 ▼	—	U.S. Retail and Institutional Investor	81 ▼	Distributed	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	Bank of New York Mellon Corporation 0000813905	25 USD	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree 3-7 Year Treasury Digital FundWTTSX	WisdomTree		$978,507 ▼	—	U.S. Retail and Institutional Investor	42 ▼	Distributed	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree TIPS Digital FundTIPSX	WisdomTree		$949,978 ▼	—	U.S. Retail and Institutional Investor	42 △	Distributed	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree 7-10 Year Treasury Digital FundWTSTX	WisdomTree		$944,055 ▼	—	U.S. Retail and Institutional Investor	29 ▼	Distributed	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree Long Term Treasury Digital FundWTLGX	WisdomTree		$782,735 ▼	—	U.S. Retail and Institutional Investor	37 △	Distributed	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
OpenTrade Flexible Term USD VaultXTBT	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$637,417 ▼	3.15% ▲	Accredited Investor	13 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 USDC	0.30%	0%	0%	0%	—	0xad6...764bf7
USDT Money Market Fund V5 Yield VaultXMMF-USDT	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$528,973 ▲	3.15% ▼	U.S. Qualified Purchaser+ 3 More	6 ▲	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	1,000 USDT	0.50%	0%	0%	0%	—	0x378...75e1a2
ArCoinRCOIN	Securitize	Ethereum	$452,083 △	—	U.S. and Global Retail	25 ▲	Distributed	Arca U.S. Treasury Fund 0001758583	United States of America	U.S. Securities Act Form N-2 for Closed-end Funds SEC - U.S. Securities and Exchange Commission	UMB Bank, National Association 0000854729	1,000 USD	0.25%	0%	0%	0%	ARCA U.S. Treasury Fund Prospectus	0x252...a6bca9
Backed ZPR1 $ 1-3 Month T-BillbZPR1	Backed Finance		$288,825 ▲	—	Non-U.S. Investor	2 △	Distributed	Backed Assets (JE) Limited	Jersey, Channel Islands	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0%	0.20%	0.20%	0%	—	2 Addresses
TBLL xStockTBLLx	xStocks		$265,675 ▼	—	Professional Investor	41 ▲	Distributed	Backed Assets (JE) Limited	Jersey, Channel Islands	—	Alpaca Securities LLC 0001702580	5,000 USD	0%	0.50%	0.50%	0%	Backed Assets Final Terms Nr 80 (TBLLx)	8 Addresses
iShares SGOV 0-3 Month Treasury Bond ETF ST0xwtSGOV	st0x	Base	$109,464 ▲	3.11% ▼	Institutional Investor	84 ▲	Distributed	S01 Issuer GmbH	Germany	MiFID II CSSF - Commission de Surveillance du Secteur Financier	—	0 USDC	0%	0%	0%	0%	—	0x78c...11e935
OpenTrade Flexible Term USD Vault (Ethereum)XTBT-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$66,009 ▲	3.15% ▼	Accredited Investor	8 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 USDC	0.30%	0%	0%	0%	—	0x0f8...5af82a
USDC Money Market Fund V5 Yield Vault (Ethereum)XMMF-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$51,146 ▼	3.15% ▼	Non-U.S. Investor+ 4 More	6 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x1e5...512ef6
USDT Money Market Fund V5 Yield Vault (Ethereum)XMMF-USDT-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$32,656 ▲	3.15% ▼	U.S. Qualified Purchaser+ 4 More	4 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDT	0.50%	0%	0%	0%	—	0xd06...de1f4c
WisdomTree Floating Rate Treasury Fund (Ondo Tokenized)USFRon	Ondo		$23,541 ▼	—	Non-U.S. Investor	30 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
iShares 1-3 Year Treasury Bond ETF (Ondo Tokenized)SHYon	Ondo		$21,427 ▼	—	Non-U.S. Investor	18 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
Swarm Shares $ Treasury Bond 0-1yr UCITS ETF (USD Acc)TBONDS01sw	Swarm		$13,615 ▲	—	Non-U.S. Investor	2 △	Distributed	SWARM X GmbH	Germany	MiFID II BaFin	—	—	0%	1.00%	1.00%	0%	—	7 Addresses
ChinaAMC USD Digital Money Market Fund Class B USDAMCASH+	Asseto		$10,073 ▲	—	Non-U.S. Investor	1 △	Distributed	Reale Assets Limited	British Virgin Islands	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	KUN International Digital Technology Limited (鯤(國際)數字科技有限公司)	100 USDC	0.40%	0%	0.30%	0%	—	2 Addresses
iShares 7-10 Year Treasury Bond ETF (Ondo Tokenized)IEFon	Ondo		$434 ▼	—	Non-U.S. Investor	27 ▲	Distributed	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
OpenTrade FT Money Market Fund YieldXFTB	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$142 ▲	3.08% ▼	Non-U.S. Accredited Investor	2 △	Distributed	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 BENJI	0.50%	0%	0%	0%	—	0x061...b46869
Adapt3r Short-Term U.S. Treasury Bill FundtfBILL	TrueFi	Ethereum	$1 △	—	Professional Investor	2 △	Represented	Adapt I LP 0002072411	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%	Adapt3r Short-Term US Treasury Fund Digital Docs	0xa1f...45d14c
Swarm iShares $ Treasury Bond 1-3yr UCITS ETFTBONDS13sw	Swarm		—	—	Non-U.S. Investor	1 △	Distributed	SWARM X GmbH	Germany	MiFID II BaFin	—	—	0%	1.00%	1.00%	0%	—	7 Addresses
Swarm iShares $ Treasury Bond 0-1yr UCITS ETFTBONDS01	Swarm	Polygon	—	—	Non-U.S. Investor	16 △	Distributed	SWARM X GmbH	Germany	Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority	ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27	0 USDC	0.20%	0.10%	0.10%	0%	Swarm ISHARES $ TREASURY BOND 0-1 YR ETF Final Terms	0xf4d...7d045f
Swarm iShares $ Treasury Bond 1-3yr UCITS ETFTBONDS13	Swarm	Polygon	—	—	Non-U.S. Investor	27 △	Distributed	SWARM X GmbH	Germany	Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority	ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27	0 USDC	0.10%	0.10%	0.10%	0%	Swarm ISHARES $ TREASURY BOND 1-3 YR ETF Final Terms	0x60f...48d0f0
Fortunafi Tokenized Short-Term U.S. Bonds (U.S.)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
Fortunafi Tokenized Short-Term U.S. Bonds (International)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
Cash Management Pool (USDT)MPLcashUSDT	Maple	Ethereum	—	—	U.S. Accredited Investor	1 △	Represented	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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	0xf05...f6b536
Cash Management Pool (USDC-SPL)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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	0 Addresses
Cash Management Pool (USDC)MPLcashUSDC	Maple		—	—	U.S. Accredited Investor	5 △	Represented	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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	2 Addresses

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