Market StructureAdoption$37.8B
Tokenized funds hit $37.8B market cap as T-bill products take the lead
The total market capitalization of tokenized funds reached $37.8 billion, heavily driven by the growth of short-term U.S. Treasury bill products.
So what
Crossing the $37.8B threshold confirms that tokenized T-bills have transitioned from niche crypto-native yield instruments to a recognized macro asset class for institutional cash management. This milestone forces traditional asset managers and custodians to accelerate native issuance pipelines to capture yield-seeking capital migrating away from traditional banking deposits.