Tokenized US Treasury market cap
The live size of the tokenized US Treasury market, the yield-bearing dollar assets competing directly with stablecoins.
How big is the tokenized treasury market?
$21.48B
across 46 tokenized treasury products
Tokenized US Treasuries total $21.48B across 46 products. These are NAV-accruing tokens: the price rises with accrued yield by design, so they should never be read as depegged stablecoins.
Updated 6 min ago · Treasuries & RWA
Largest tokenized treasury products
| Product | Market cap |
|---|---|
| BLACKROCK BU · BlackRock BUIDLBlackRock BUIDL | $3.55B |
| CIRCLE USYC · Circle USYCCircle USYC | $2.98B |
| ONDO · Ondo Yield AssetsOndo Yield Assets | $2.52B |
| SPIKO · SpikoSpiko | $2.46B |
| CFG · Centrifuge ProtocolCentrifuge Protocol | $1.64B |
| BCAP · Blockchain CapitalBlockchain Capital | $956.83M |
| ONDO · Ondo Global MarketsOndo Global Markets | $946.45M |
| ANEMOY CAPIT · Anemoy CapitalAnemoy Capital | $872.35M |
| WISDOMTREE · WisdomTreeWisdomTree | $775.74M |
| INVESCO USTB · Invesco USTBInvesco USTB | $764.82M |
Cite this figure
Source: usd.net — Tokenized US Treasury market cap. https://usd.net/stats/tokenized-treasury-market-cap