Key Takeaways:
rwa.xyz information reveals tokenized Treasuries hit $15.20B in Could; development indicators rising onchain demand. Circle’s USYC leads at $2.91B, whereas Blackrock BUIDL at $2.58B displays institutional traction. Prime 10 exceed $13.9B mixed; multi-chain growth might drive additional adoption throughout networks.
Prime 10 Tokenized Treasury Funds Exceed $13.9B as Institutional Demand Accelerates
Tokenized Treasuries proceed to develop after transferring previous the $15 billion threshold in April. Information from rwa.xyz signifies that, throughout 71 belongings, 58,658 distinctive addresses presently maintain these onchain devices. Based mostly on market figures noticed this weekend, the 5 main tokenized U.S. Treasury merchandise are headed by Circle’s USYC, which carries a complete worth of $2.91 billion.
USYC operates throughout three blockchains, together with BNB, Ethereum, and Solana. The Blackrock USD Institutional Digital Liquidity Fund (BUIDL) follows in second place. The Securitize-issued asset is valued at $2.58 billion, reflecting a rise of practically a proportion level from the prior week. BUIDL is hosted on eight distinctive blockchain networks in line with rwa.xyz.
Rounding out the highest 5 are Ondo U.S. Greenback Yield (USDY) at $2.14 billion, the Franklin Onchain U.S. Authorities Cash Fund (BENJI), overseen by Franklin Templeton, at $2.05 billion, and the Janus Henderson Anemoy Treasury Fund (JTRSY), which stands at $1.24 billion. Collectively, these 5 merchandise account for a market valuation of roughly $10.92 billion.
The remaining $4.28 billion is distributed throughout 66 extra belongings. Positions six by means of ten embody the Wisdomtree Authorities Cash Market Digital Fund (WTGXX), with a market capitalization of $978.06 million, adopted intently by the Superstate Quick Period U.S. Authorities Securities Fund (USTB), which holds $814.13 million.
The Ondo Quick-Time period U.S. Authorities Bond Fund (OUSG) holds the eighth place with $682.37 million, adopted by the ChinaAMC USD Digital Cash Market Fund Class I (CUMIU) at $547.56 million. Closing out the highest ten is the Spiko U.S. T-Payments Cash Market Fund (USTBL), which carries a valuation of $153.32 million this weekend. The tokenized Treasuries ranked six by means of ten exceed $3 billion in complete worth.
With capital persevering with to pay attention amongst main issuers, tokenized Treasuries seem like settling right into a extra outlined hierarchy in 2026. Whereas dominant funds retain a large share of the market, the breadth of smaller choices suggests regular diversification throughout issuers and chains.
If present issuance and adoption traits persist, and lots of insist it should, the sector will possible proceed to draw each institutional and onchain members in search of yield-bearing, dollar-linked publicity.
