Asset Classes
Latest
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
$6.90B
▲+0.98%from 7d ago
Avg. Yield to Maturity
4.13%
Total Assets
45
Holders
18,041
▼0.24%from 7d ago
Treasury Product Metrics
Show % of Total
Group By
Market Caps
Group By
as of 05/14/2025
Top Net Flows
As of 05/14/2025
BUIDL
Securitize
JTRSY
Centrifuge
USTB
Superstate
OUSG
Ondo
BENJI
Franklin T...
USDY
Ondo
WTGXX
WisdomTree
USYC
Circle
Top Entities
# | Protocol | RWA Count | Market Cap | 30D% | Market Share |
|---|---|---|---|---|---|
1 |  Securitize | 13 | $2,920.9M | ▲19.18% | 42.35% ▲ |
2 |  Ondo | 12 | $1,176.2M | ▲19.42% | 17.05% ▲ |
3 |  Franklin Templeton Benji Investments | 8 | $743.4M | ▲5.89% | 10.78% ▼ |
4 |  Superstate | 2 | $590.6M | ▲14.64% | 8.56% ▼ |
5 |  Circle | 3 | $462.5M | ▼12.19% | 6.71% ▼ |
6 |  Centrifuge | 3 | $409.2M | ▲222.66% | 5.93% ▲ |
7 |  OpenEden Digital | 4 | $185.2M | ▲6.99% | 2.69% ▼ |
8 |  WisdomTree | 49 | $154.1M | ▲34.02% | 2.23% ▲ |
9 |  Spiko | 3 | $72.1M | ▲3.67% | 1.04% ▼ |
10 |  Archax | 1 | $44.9M | 0% | 0.65% ▼ |
Treasury Products
45 Total📣 We now support asset reserves data for tokenized treasuries. Learn more here.
Product Name Protocol | Ticker | Networks | Market Cap | Yield to Maturity | 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 |
|---|
Product Name Protocol | Ticker | Networks | Market Cap | Yield to Maturity | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUIDL |        | $2,908,780,206 ▲ | — | U.S. Qualified Purchaser | 73 ▲ | 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 USD | 0.20-0.50% | 0% | 0% | 0% | — | 8 Addresses | |
Franklin OnChain U.S. Government Money FundFranklin Templeton Benji Investments | BENJI |   | $743,419,004 ▼ | — | U.S. and Global Retail | 566 ▲ | 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% | 8 Addresses | |
USDY |     | $630,657,340 ▲ | 4.25% | Non-U.S. Investor | 15,242 ▲ | 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% | 9 Addresses | ||
USTB | O | $590,600,979 ▼ | 4.06% | U.S. Accredited InvestorU.S. Qualified Purchaser | 54 ▲ | 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% | — | 2 Addresses | |
OUSG | | $545,520,519 ▲ | 4.07% | U.S. Qualified Purchaser | 68 ▲ | 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% | 3 Addresses | ||
Circle USYCCircle | USYC |   | $462,496,775 ▼ | 4.17% | U.S. Qualified PurchaserNon-U.S. Investor | 41 ▲ | 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% | 3 Addresses | |
Janus Henderson Anemoy Treasury FundCentrifuge | JTRSY |  | $409,170,130 ▼ | — | Professional Investor | 7 △ | 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 | 0.15% | 0% | 0% | 0% | 3 Addresses | |
OpenEden TBILL VaultOpenEden Digital | TBILL |  | $185,215,734 ▲ | 4.00% | U.S. Accredited InvestorProfessional Investor | 61 △ | Treasury Bills Institutional Liquidity Limited | British Virgin Islands | British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission | BNP Paribas SA. 0000872786 | 100,000 USDC | 0% | 0% | 0.05% | 0% | 4 Addresses | |
WTGXX | | $147,571,229 ▲ | — | U.S. Retail and Institutional Investor | 564 ▲ | 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 | ||
USTBL | | $72,067,643 ▲ | — | U.S. and Global Retail | 484 ▲ | 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 | |
AAULF | $44,905,635 △ | — | Institutional InvestorProfessional Investor | 1 △ | abrdn Liquidity Fund |  Luxembourg | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | ||||
Fidelity ILF USD Fund Class G AccSygnum Bank | FIUSD | $41,850,572 ▲ | — | — | 2 ▲ | Sygnum Bank | — | — | — | — | 0% | 0% | 0% | 0% | — | ||
OpenTrade Flexible Term USD VaultOpenTrade (Perimeter Protocol) | XTBT | | $30,516,353 ▲ | — | — | 23 ▲ | 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 |
USFR.d |  | $25,830,876 ▼ | — | Non-U.S. Global Retail | 26 ▲ | 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 | |
Libre SAF VCC - USD I Money MarketLibre Capital | — | | $21,863,878 △ | — | Institutional InvestorAccredited Investor | 4 △ | Libre SAF VCC |  Singapore | — | — | 50,000 USD | 0.15% | 0% | 0% | 0% | — | 4 Addresses |
Backed IBTA $ Treasury Bond 0-1yrBacked Finance | bIB01 |  | $9,395,028 ▲ | — | Non-U.S. Investor | 86 ▼ | 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 | |
VanEck Treasury FundSecuritize | VBILL |  | $7,500,000 △ | — | — | 3 △ | VanEck Treasury Fund, Ltd. | British Virgin Islands | — | — | — | 0% | 0% | 0% | 0% | — | 4 Addresses |
USTY U.S. Treasury TokensSecuritize | 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% | |||
STBT | $3,528,840 △ | — | U.S. Accredited Investor | 48 ▼ | 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% | — | |||
FLTTX | | $1,840,556 ▼ | — | U.S. Retail and Institutional Investor | 126 ▼ | 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 | ||
Etherfuse USTRYEtherfuse | USTRY | $1,250,760 ▲ | — | Non-U.S. Investor | 40 ▲ | Etherfuse MX, S.A. de C.V. |  Mexico | Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority | Spiko SICAV | — | 0% | 0% | 0% | 0% | — | ||
Backed IBTA $ Treasury Bond 1-3yrBacked Finance | bIBTA | | $1,219,696 ▼ | — | 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 | |
WTSYX | | $1,009,892 ▲ | — | U.S. Retail and Institutional Investor | 61 ▲ | 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 | ||
Midas TBILLMidas | mTBILL | $998,726 ▼ | — | Non-U.S. Investor | 237 ▲ | Midas Software GmbH |  Germany | German Electronic Securities Act BMF - German Federal Ministry of Finance | Maerki Baumann & Co. AG 529900FMZSRFHZA8OU51 | — | 0% | 0% | 0% | 0% | — | ||
WTTSX | | $969,219 △ | — | U.S. Retail and Institutional Investor | 28 ▼ | 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 | ||
WisdomTree TIPS Digital FundWisdomTree | TIPSX | | $963,740 ▼ | — | U.S. Retail and Institutional Investor | 28 △ | 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 | |
WTSTX | | $932,724 △ | — | U.S. Retail and Institutional Investor | 17 ▲ | 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% | 7 Addresses | ||
WTLGX | | $846,009 △ | — | U.S. Retail and Institutional Investor | 21 △ | 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 | $430,082 △ | — | 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 Finance | bZPR1 | $275,096 ▼ | — | 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% | — | ||
Guggenheim Treasury Services DCPAmpFi.Digital by Zeconomy | GDCP | $115,260 △ | — | — | 2 △ | 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% | — | ||
DMMF01 | $69,731 △ | — | 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% | — | |||
OpenTrade Fixed Term U.S. Treasury Bill VaultsOpenTrade (Perimeter Protocol) | 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 | |
TBONDS01 | $21,861 ▲ | — | 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 | $17,136 ▼ | — | 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% | ||||
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% | ||||
ABUTF | — | — | — | — | Institutional Cash Series plc 549300H04MP4ID5NV419 |  Ireland | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | 0 Addresses | |||
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 | ||
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% | ||||
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% | ||||
AFULF | — | — | — | — | Fidelity Institutional Liquidity Fund plc 254900CNJEQYMF3S3036 | Ireland | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | 0 Addresses | |||
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% | — | |||
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% | — | |||
ALULF | — | — | — | — | Legal & General Investment Management Ltd. |  United Kingdom | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | 0 Addresses | |||
ASULF | — | — | — | — | State Street Global Advisors | — | MiFID II CSSF - Commission de Surveillance du Secteur Financier | Archax Ltd 8755004G4UQX5BQOU260 | 5,000 USD | 0.10% | 0% | 0% | 0% | 0 Addresses |
RWA.xyzAll Rights Reserved