Institutional Tokenized Treasuries, Fundsand Stablecoins: Live Data, Yields and Who Can Buy?
Assets, yields, fees and investor eligibility for tokenized funds, stablecoins and deposit tokens.
Allchained Ai 1
Assets
Largest tokenized funds
By AUM. Net yield after fund fees. Stablecoins and deposit tokens are listed separately.
| Asset | AUM | 30d change |
|---|---|---|
| Enegra Group EquityEGX | $28B | - |
| Janus Henderson Anemoy AAA CLO Tokenized FundJAAA | $2.77B | -1.8% |
| Ondo US Dollar Yield NoteUSDY | $1.32B | -9.4% |
| Franklin OnChain U.S. Government Money FundBENJI | $1.27B | +105.9% |
| Hashnote USYCUSYC2 | $1.2B | - |
| BlackRock USD Institutional Digital Liquidity FundBUIDL | $1.1B | -37.3% |
| HKMA Multi-Currency Digital Green Bond 2HKMA-GB2 | $770M | - |
| WisdomTree Government Money Market Digital FundWTGXX | $655.9M | -47.2% |
Market size
$56.63B
Tokenized fund AUM
Funds, bonds, equity and credit. Stablecoins and deposit tokens are excluded.
-3.1% over 62 days held
Composition
AUM by asset class
Share of tokenized fund AUM
By asset class
Equity60.8%$34.42B+9.6%
358 assets
Tokenized Treasury13.7%$7.74B-20.5%
67 assets
Corporate Bond9.8%$5.55B-10.0%
49 assets
Private Credit9.2%$5.23B-3.2%
65 assets
Money Market Fund5.3%$2.98B-2.6%
18 assets
Real Estate1.2%$678.5M0.0%
6 assets
Commodity0.1%$47.6M+1.5%
6 assets
By issuer jurisdiction
Malaysia49.4%$28B1p
United States25.1%$14.21B189p
Switzerland10.1%$5.73B256p
Germany2.6%$1.46B41p
Cayman Islands2.3%$1.3B7p
Hong Kong SAR1.9%$1.1B4p
Luxembourg1.9%$1.08B13p
France1.6%$894.7M7p
European Union1.3%$735.6M5p
British Virgin Islands1.0%$547.6M9p
Singapore0.9%$483.4M16p
Slovenia0.6%$357.5M2p
United Kingdom0.3%$170M7p
Bermuda0.3%$150M1p
Japan0.2%$100M1p
Mexico0.2%$96.2M1p
Gibraltar0.1%$80M1p
Liechtenstein0.1%$69.8M3p
Spain0.1%$58M2p
Brazil0.0%$6.2M1p
Netherlands0.0%$5.9M2pRankings
Best tokenized funds by use case
Lowest minimum investmentTokenized funds you can start with $1,000 or less.See 407 funds →Highest yieldFunds paying a yield, highest first. Top today: RLP at 18.20%.See the ranking →Same-day redemptionFunds that pay out within the same business day.See 32 funds →Open to retail investorsFunds that accept non-accredited buyers.See 54 funds →For non-US investorsAssets available to buyers in the EU and Singapore.See 668 assets →Tokenized treasuries on SolanaTokenized treasury assets with a Solana deployment.See 5 assets →
Institutions
Top issuers
By tokenized AUM, including stablecoins.
Networks
Tokenized fund AUM by blockchain
Excludes DeFi deposits and stablecoin float.
| Network | Assets | Share | Issuers | 30D | Distribution |
|---|---|---|---|---|---|
| Polygon PoS | $30.81B | 54.4% | 26 | -26.4% | |
| Ethereum | $20.21B | 35.7% | 80 | -9.4% | |
| Arbitrum One | $1.57B | 2.8% | 19 | -24.6% | |
| Stellar | $1.38B | 2.4% | 2 | +93.3% | |
| Solana | $1.27B | 2.2% | 10 | -33.4% | |
| Avalanche C-Chain | $808.6M | 1.4% | 11 | -23.1% | |
| XRP Ledger | $273.7M | 0.5% | 3 | -0.9% | |
| Base | $266.3M | 0.5% | 8 | -7.8% |
Concentration
Custodian and transfer agent share
Share of tracked fund AUM held with each provider.
Custodian
Transfer agent
Infrastructure
Top infrastructure providers
By value of the tracked assets that use each provider.
| Service | Type | Assets | Value dependent |
|---|---|---|---|
| Chainlink Proof of Reserve & NAVLink | Oracle | 23 | $70.56B |
| Chainlink CCIP | Settlement & Interoperability | 9 | $66.56B |
| BVNK Settlement Rails | Settlement & Interoperability | 7 | $65.15B |
| BNY Digital Asset Custody | Custody Provider | 8 | $64.84B |
| Securitize Markets ATS | Exchange / ATS | 10 | $63.76B |
| Fireblocks Custody & Transfer Infrastructure | Custody Provider | 27 | $6.53B |
Several issuers use the same custodian and transfer agent, so exposure across assets can be more concentrated than it looks.
FAQ
Common questions about tokenized funds
What is a tokenized fund?
A regular regulated fund whose ownership record is kept as tokens on a blockchain instead of only in a transfer agent’s database. The holdings, fees and regulator stay the same.
Are tokenized treasuries the same as stablecoins?
No. A tokenized treasury fund is a security that pays you the yield on government bills. A stablecoin is a payment token backed by reserves, and holders usually earn no yield.
Who can buy tokenized treasury funds?
It depends on the fund and where you live. Many are limited to accredited, professional or institutional investors. Our eligibility checker shows which assets you can buy.
Where does AllChained get its data?
From issuer documents, regulatory filings, audited reports and on-chain contract data. Every figure shows its source and the date it was collected.
Why is your stablecoin total lower than other trackers?
We only count stablecoins from issuers regulated in the US, EU and Singapore, so USDT and some others are not included. Other sites count every stablecoin.