Tokenized U.S. Treasuries

Explore tokenized U.S. government debt, including Treasury bills, notes, bonds, and Treasury-focused money market funds.

Distributed Value

$14.80B

▼2.88%from 30d ago

Represented Value

$167.94M

▼7.47%from 30d ago

7D APY

3.36%

▼1.68%from 7d ago

Assets

Holders

65,860

▲+0.77%from 7d ago

Tokenized Treasury Metrics

Asset Type

Metric

Show % of Total

Group By

Tokenized Treasury League Table

#	Platform	RWA Count	Total Value	30D%	Market Share
1	Circle	1	$3.0B	▲0.95%	20.35% ▲
2	Ondo	8	$2.7B	▼3.85%	18.51% ▼
3	Securitize	4	$2.5B	▲6.93%	17.17% ▲
4	Franklin Templeton Benji Investments	4	$2.5B	▲8.08%	16.91% ▲
5	Centrifuge	2	$882.2M	▼21.90%	5.96% ▼
6	Libeara	5	$821.3M	▼3.74%	5.55% ▼
7	WisdomTree	7	$802.9M	▼17.23%	5.42% ▼
8	Superstate	1	$709.2M	▼20.40%	4.79% ▼
9	Spiko	1	$146.0M	▼6.93%	0.99% ▼
10	Theo	1	$127.5M	▼6.40%	0.86% ▼

Tokenized Treasury Value

Group By

as of 06/12/2026

Tokenized Treasury Net Flows

As of 06/12/2026

Tokenized Treasury Latest Transactions

#	Asset	USD Amount	Date	Network
1	nTBILL	$99,986	06/08/26	Plume
2	STBT	$99,900	06/08/26	Ethereum
3	STBT	$99,900	06/11/26	Ethereum
4	uMINT	$90,082	06/08/26	Ethereum
5	uMINT	$90,082	06/08/26	Ethereum
6	USTB	$89,545	06/06/26	Ethereum
7	USTB	$89,545	06/06/26	Ethereum
8	USTB	$89,188	06/10/26	Ethereum
9	USTB	$89,188	06/10/26	Ethereum
10	USDY	$89,150	06/06/26	Solana

Tokenized Treasuries

82 Total

Name Ticker	Platform	Networks	Total Value	7D APY	Tokenization Type	Eligible Investors	Holders	Issuer Legal Name SEC CIK Number	Domicile	Regulatory Framework	Custodian Legal Identifier	Min. Investment	Management Fees	Subscription Fees	Redemption Fees	Performance Fees	Terms	Contract Address

Name Ticker	Platform	Networks	Total Value	7D APY	Tokenization Type	Eligible Investors	Holders	Issuer Legal Name SEC CIK Number	Domicile	Regulatory Framework	Custodian Legal Identifier	Min. Investment	Management Fees	Subscription Fees	Redemption Fees	Performance Fees	Terms	Contract Address
Circle USYCUSYC	Circle		$3,011,681,237 ▲	3.16% ▼	Distributed	Non-U.S. Investor	47 ▲	Circle International Bermuda Limited 0001869343	Bermuda	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	—	100,000 USDC	0%	0%	0%	10.00%	—	3 Addresses
BlackRock USD Institutional Digital Liquidity FundBUIDL	Securitize		$2,468,669,884 ▲	3.40% ▼	Distributed	U.S. Qualified Purchaser	107 ▲	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 Corporation 0000813905	5,000,000 USDC	0.20-0.50%	0%	0%	0%	—	9 Addresses
Ondo U.S. Dollar YieldUSDY	Ondo		$2,150,228,169 ▲	3.55% △	Distributed	Non-U.S. Investor	18,852 ▲	Ondo USDY LLC 0001949480	United States of America	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Morgan Stanley Smith Barney LLC 0001092203	1 USDC	0%	0%	0%	0%	—	12 Addresses
iBENJIiBENJI	Franklin Templeton Benji Investments		$1,598,171,931 ▲	—	Distributed	Institutional Investor	32 ▲	Franklin OnChain Institutional Liquidity Fund Ltd. 0002068319	British Virgin Islands	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	—	5,000,000 USD	0.50%	0%	0%	0%	—	2 Addresses
Janus Henderson Anemoy Treasury FundJTRSY	Centrifuge		$872,000,725 ▼	3.40% ▲	Distributed	Professional InvestorNon-U.S. Accredited Investor	19 ▲	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	500,000 USDC	0.25%	0%	0%	0%	—	8 Addresses
BENJIBENJI	Franklin Templeton Benji Investments		$822,124,546 ▼	3.49% ▲	Distributed	U.S. Retail and Institutional Investor	1,111 ▲	Franklin Templeton Trust 0001786958	United States of America	Investment Company Act of 1940 SEC - U.S. Securities and Exchange Commission	J.P. Morgan 0000835271	20 USD	0.20%	0%	0%	0%	Franklin Templeton Trust Form N-1A	8 Addresses
WisdomTree Treasury Money Market Digital FundWTGXX	WisdomTree		$796,515,497 ▼	3.46% ▼	Distributed	U.S. Retail and Institutional Investor	902 ▲	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 Corporation 0000813905	1 USD	0.25%	0%	0%	0%	—	8 Addresses
Invesco Short Duration US Government Securities FundUSTB	Superstate		$709,242,351 ▼	2.81% ▼	Distributed	U.S. Accredited InvestorU.S. Qualified Purchaser	103 ▲	Superstate Asset Trust	United States of America	U.S. Securities Act Reg. D Exemption Rule 506(c) SEC - U.S. Securities and Exchange Commission	UMB Bank, National Association 0000854729	100,000 USDC	0.15%	0%	0%	0%	—	3 Addresses
Ondo Short-Term US Government Bond FundOUSG	Ondo		$556,170,962 ▼	3.37% ▲	Distributed	U.S. Qualified Purchaser	58 ▲	Ondo I LP 0001957431	United States of America	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	Clear Street LLC 0001708828	5,000 USDC	0.15%	0%	0%	0%	—	4 Addresses
ChinaAMC USD Digital Money Market Fund Class I USDCUMIU	Libeara	Ethereum	$547,834,858 ▲	3.82% ▲	Distributed	Non-U.S. Investor	1 △	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	1,000 USD	0.05%	0%	0%	0%	—	0x85d...c0d04f
Spiko US T-Bills Money Market FundUSTBL	Spiko		$146,026,569 ▼	3.42% ▼	Distributed	U.S. and Global Retail	901 △	Spiko SICAV	France	UCITS Directive (2009/65/EC) National Competent Authority (of the EU Member State of authorisation), with ESMA coordination	CACEIS	1,000 USDC	0.30%	0%	0%	0%	—	5 Addresses
Fidelity Digital Interest TokenFDIT	Fidelity Investments	Ethereum	$144,195,018 ▲	—	Represented	Institutional Investor	4 △	FMR LLC 0000315066	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 Corporation 0000813905	—	0.20%	0%	0%	0%	—	0x48a...02717f
Theo Short Duration US Treasury FundthBILL	Theo		$127,490,892 ▼	3.48% ▲	Distributed	Institutional InvestorNon-U.S. Accredited Investor	4,369 ▲	Theo Protocol Corporation	Panama	Non-Regulated	—	0 USDC	0%	0%	0%	0%	—	2 Addresses
Delta Wellington Ultra Short Treasury On-Chain FundULTRA	Libeara		$121,897,854 ▼	3.49% ▲	Distributed	Institutional InvestorAccredited Investor	16 ▲	Delta Wellington Ultra Short Treasury On‑Chain Fund	Singapore	Singapore Securities and Futures Act 2001 Monetary Authority of Singapore (MAS)	—	—	0.15%	0%	0%	0%	—	4 Addresses
Bosera Digital Liquidity Income Fund SPBELIF	Libeara	Ethereum	$102,407,151 ▲	—	Distributed	Non-U.S. Accredited Investor	1 △	Bosera Digital Liquidity Income Fund SP	Cayman Islands	Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) The Hong Kong Securities and Futures Commission (SFC)	Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13	100,000 HKD	0.20%	0%	0%	0%	—	0x237...0df180
My OnChain Net Yield FundMONY	Kinexys Digital Assets	Ethereum	$101,724,912 ▲	—	Distributed	Accredited InvestorU.S. Qualified Purchaser	3 ▼	My Onchain Net Yield Fund LTD	British Virgin Islands	U.S. Securities Act Reg. D Exemption Rule 506(c) SEC - U.S. Securities and Exchange Commission	JPMorgan Chase & Co.	1,000,000 USDC	0.16%	0%	0%	0%	—	0x6a7...53bd46
OpenEden TBILL VaultTBILL	OpenEden Digital		$67,140,478 ▼	3.51% ▲	Distributed	Professional InvestorU.S. Accredited Investor	41 ▼	Treasury Bills Institutional Liquidity Limited 0001969867	British Virgin Islands	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	Bank of New York Mellon Corporation 0000813905	100,000 USDC	0.31%	0%	0.05%	0%	—	4 Addresses
VanEck Treasury FundVBILL	Securitize		$67,046,290 ▼	3.44% ▼	Distributed	Non-U.S. Accredited InvestorInstitutional Investor	29 ▼	VanEck Treasury Fund, Ltd. 0002068562	British Virgin Islands	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	—	100,000 USD	0.20%	0%	0%	0%	—	4 Addresses
gBENJIgBENJI	Franklin Templeton Benji Investments	Stellar	$54,847,565 ▲	—	Distributed	Non-U.S. Investor	9 △	Franklin Templeton OnChain Funds	Luxembourg	EU UCITS Directive CSSF	—	—	0.15%	0%	0%	0%	—	2 Addresses
Midas TBILLmTBILL	Midas		$51,140,246 ▼	2.88% ▼	Distributed	Non-U.S. Investor	3,262 ▼	Midas Software GmbH	Germany	German Electronic Securities Act BMF - German Federal Ministry of Finance	Maerki Baumann & Co. AG 529900FMZSRFHZA8OU51	0 USDC	0%	0%	0%	0%	—	2 Addresses
KAIO Blackrock ICS US Dollar Liquidity FundCASHx	KAIO		$43,716,882 ▲	3.27% ▼	Distributed	Accredited InvestorInstitutional Investor	20 △	Libre SAF VCC	Singapore	Singapore Securities and Futures Act 2001 – Capital Markets Services License for Fund Management Monetary Authority of Singapore	—	50,000 USD	0.15%	0%	0%	0%	—	11 Addresses
Guggenheim Treasury Services DCPDCP	Zeconomy		$40,356,901 △	—	Distributed	U.S. Qualified PurchaserNon-U.S. Accredited Investor	4 △	Great Bridge Capital Company LLC	United States of America	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	U.S. Bancorp 0000036104	250,000 USD	0%	0%	0%	0%	—	2 Addresses
Fidelity International USD Digital Liquidity Fund SPFILQ	Sygnum Bank	Ethereum	$34,981,885 ▲	—	Distributed	Non-U.S. Accredited Investor	3 ▲	Fidelity International Strategies Funds SPC	Cayman Islands	Cayman Islands Mutual Funds Act CIMA - Cayman Islands Monetary Authority	J.P. Morgan SE, Dublin Branch (Depositary) 0001980365	100,000 USD	0.50%	0%	0%	0%	—	2 Addresses
ChinaAMC USD Digital Money Market Fund Class B USDCUMBU	Libeara	Ethereum	$31,024,354 ▲	3.47% ▲	Distributed	Non-U.S. Investor	2 △	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	0 USD	0.40%	0%	0%	0%	—	0x1aa...5f3bbf
sgBENJIsgBENJI	Franklin Templeton Benji Investments	Stellar	$27,857,362 ▲	—	Distributed	Non-U.S. Investor	10 ▲	Franklin Templeton Investments VCC	Singapore	Singapore Securities and Futures Act 2001 Monetary Authority of Singapore (MAS)	—	20 USD	0.20%	0%	0%	0%	—	sgBEN...VZBM5C
Fidelity ILF USD Fund Class G AccFIUSD	Sygnum Bank	ZKsync Era	$23,741,994 ▲	—	Represented	—	3 △	Sygnum Bank AG	—	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	—	—	0.25%	0%	0%	0%	—	0x2ab...7627f9
UBS USD Money Market Investment Fund TokenuMINT	UBS Tokenize	Ethereum	$20,383,208 ▼	—	Distributed	Institutional InvestorAccredited Investor	30 ▼	UBS (SG) Global Opportunities VCC	Singapore	Singapore — Variable Capital Companies Act 2018 (VCC) Monetary Authority of Singapore (MAS)	State Street Bank and Trust Company 0000093748	0 USD	0.40%	0%	0%	0%	—	0xc06...20df0b
iShares 20+ Year Treasury Bond ETF (Ondo Tokenized)TLTon	Ondo		$18,845,189 ▼	—	Distributed	Non-U.S. Investor	242 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
ChinaAMC USD Digital Money Market Fund Class F USDCUMFU	Libeara	Ethereum	$18,115,355 ▼	3.27% ▲	Distributed	Non-U.S. Investor	5 △	ChinaAMC Digital OFC	Hong Kong	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Trustee (Hong Kong) Limited RILFO74KP1CM8P6PCT96	—	0.60%	0%	0%	0%	—	0xdbf...ad25d9
Matrixdock Short-term Treasury Bill TokenSTBT	Matrixdock	Ethereum	$16,849,927 ▲	—	Distributed	U.S. Accredited Investor	44 △	Prometheus Solutions Ltd.	Seychelles	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	Bank of New York Mellon Corporation 0000813905	—	0.30%	0%	0%	0%	—	0x530...45b44a
abrdn Liquidity Fund (Lux) – US Dollar FundAAULF	Archax		$16,230,026 ▼	—	Distributed	Professional InvestorInstitutional Investor	14 △	abrdn Liquidity Fund	Luxembourg	MiFID II CSSF - Commission de Surveillance du Secteur Financier	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	4 Addresses
USDC Liquidity Vault 1XUSDC-LIQ-1	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$14,797,210 ▲	0.77% ▲	Distributed	Institutional Investor+ 4 More	2 △	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x740...381faa
Fidelity ILF - The United States Dollar FundAFULF	Archax		$14,246,213 ▲	—	Distributed	—	3 △	Fidelity Institutional Liquidity Fund plc	Ireland	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	2 Addresses
BlackRock ICS US Treasury FundABUTF	Archax		$12,704,263 ▼	—	Distributed	—	3 △	Institutional Cash Series plc	Ireland	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	2 Addresses
WisdomTree Floating Rate Treasury FundUSFR.d	Dinari		$12,373,516 ▲	—	Distributed	Non-U.S. Global Retail	49 ▲	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%	—	3 Addresses
Etherfuse USTRYUSTRY	Etherfuse		$12,287,865 ▲	2.80% ▲	Distributed	Non-U.S. Investor	1,937 ▲	Etherfuse Inc	United States of America	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	Spiko SICAV	—	0.25%	0%	0%	0%	—	3 Addresses
State Street USD Liquidity FundSSGUSD	EVIDENT	Polygon	$11,548,190 ▲	—	Distributed	Non-U.S. Accredited Investor	8 △	Evident Platform Services Limited	Hong Kong	Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) The Hong Kong Securities and Futures Commission (SFC)	—	100 USD	0.20%	0.10%	0%	0%	—	0x59c...e6f861
iShares TIPS Bond ETF (Ondo Tokenized)TIPon	Ondo		$11,292,343 ▲	—	Distributed	Non-U.S. Investor	65 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
DeFi Janus Henderson Anemoy Treasury Fund TokendeJTRSY	Centrifuge		$10,246,140 ▲	3.40% ▲	Distributed	Non-U.S. Accredited Investor	31 ▲	Centrifuge	United States of America	Non-Regulated	Pershing LLC 0000029648	1,000 USDC	0.25%	0%	0%	0%	—	6 Addresses
TBLL xStockTBLLx	xStocks		$10,233,819 ▲	—	Distributed	Professional Investor	29 ▲	Backed Assets (JE) Limited	Jersey, Channel Islands	—	Alpaca Securities LLC 0001702580	5,000 USD	0%	0.50%	0.50%	0%	Backed Assets Final Terms Nr 80 (TBLLx)	8 Addresses
CMBI USD Money Market Fund TokenCMBMINT	DigiFT		$7,885,019 ▲	3.26% ▼	Distributed	Accredited InvestorProfessional Investor	10 △	DigiFT (Tech) Singapore Pte. Ltd.	Singapore	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	—	1,000 USDC	0.60%	0%	0%	0%	—	4 Addresses
State Street USD Liquidity LVNAV FundASULF	Archax		$5,271,148 ▲	—	Distributed	—	3 ▲	State Street Global Advisors Europe Limited	Ireland	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	2 Addresses
LGIM US Dollar Liquidity FundALULF	Archax	Hedera	$5,267,700 △	—	Distributed	—	1 △	Legal & General Investment Management Ltd. 0001495115	United Kingdom	MiFID II (Ireland) Governing Body: Central Bank of Ireland (CBI)	Archax Ltd 8755004G4UQX5BQOU260	5,000 USD	0.10%	0%	0%	0%	—	0.0.9379157
USDC Money Market Fund V5 Yield VaultXMMF	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$5,116,235 ▲	3.89% ▲	Distributed	Accredited Investor+ 3 More	12 △	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x09c...b5e5d2
USTY U.S. Treasury TokensUSTY	Securitize	XDC	$4,660,000 △	—	Distributed	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%	Yieldteq USTY U.S. Treasury Tokens Digital Docs	0x355...cb62f3
iShares 0-3 Month Treasury Bond ETF (Ondo Tokenized)SGOVon	Ondo		$3,296,384 ▲	—	Distributed	Non-U.S. Investor	118 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
Real Yield TokenRYT	AlloyX		$2,047,418 △	0% △	Distributed	Non-U.S. Investor	24 △	Solowin Digital Horizon SP 0001959224	Cayman Islands	Hong Kong Ordinance Professional Investor Exemption HKMA - Hong Kong Monetary Authority	Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13	—	0.20%	0%	0%	0%	—	3 Addresses
USDC Liquidity Vault 2XUSDC-LIQ-2	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$1,798,668 ▲	0.77% ▲	Distributed	U.S. Qualified Purchaser+ 4 More	2 △	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x927...fdf723
Backed IBTA $ Treasury Bond 0-1yrbIB01	Backed Finance		$1,694,491 △	—	Distributed	Non-U.S. Investor	131 △	Backed Assets (JE) Limited	Jersey, Channel Islands	U.S. Securities Act Form N-2 for Closed-end Funds SEC - U.S. Securities and Exchange Commission	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0.25%	0.20%	0.20%	0%	Backed IB01 $ Treasury Bond 0-1yr (bIB01) Prospectus	7 Addresses
WisdomTree Floating Rate Treasury Digital FundFLTTX	WisdomTree		$1,657,661 ▲	—	Distributed	U.S. Retail and Institutional Investor	157 ▲	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
CMS Asseto Secure Hodl+ \| CMS USD Money Market FundCASH+	Asseto		$1,403,033 ▲	—	Distributed	Non-U.S. Investor	38 ▲	Reale Assets Limited	British Virgin Islands	Hong Kong SFC-authorized fund Securities and Futures Commission (SFC) of Hong Kong	Bank of China (Hong Kong) Limited 0001127449	100 USDC	0.30%	0%	0%	0%	—	2 Addresses
USDM1USDM1	M1X Global		$1,229,766 ▲	1.65% △	Distributed	Non-U.S. InvestorU.S. Accredited Investor	353 ▲	Republic of the Marshall Islands 0000931488	Republic of the Marshall Islands	Republic of the Marshall Islands - Fiscal Debt and Responsibility Act 2020 Government of the Republic of the Marshall Islands (Ministry of Finance)	Surus, Inc.	1 USDC	0%	0%	0%	0%	—	3 Addresses
Backed IBTA $ Treasury Bond 1-3yrbIBTA	Backed Finance		$1,086,450 △	—	Distributed	Non-U.S. Investor	21 ▲	Backed Assets (JE) Limited	Jersey, Channel Islands	Singapore Securities and Futures Act Section 275 Exemption MAS - Monetary Authority of Singapore	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0%	0.20%	0.20%	0%	Backed IBTA $ Treasury Bond 1-3yr (bIBTA) Prospectus	3 Addresses
WisdomTree Short-Term Treasury Digital FundWTSYX	WisdomTree		$1,026,353 ▲	—	Distributed	U.S. Retail and Institutional Investor	83 ▲	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	Bank of New York Mellon Corporation 0000813905	25 USD	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree 3-7 Year Treasury Digital FundWTTSX	WisdomTree		$984,704 ▲	—	Distributed	U.S. Retail and Institutional Investor	43 △	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree TIPS Digital FundTIPSX	WisdomTree		$963,378 ▲	—	Distributed	U.S. Retail and Institutional Investor	42 △	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
WisdomTree 7-10 Year Treasury Digital FundWTSTX	WisdomTree		$951,193 ▲	—	Distributed	U.S. Retail and Institutional Investor	30 △	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
OpenTrade Flexible Term USD VaultXTBT	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$935,007 ▼	3.89% ▲	Distributed	Accredited Investor	13 △	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 USDC	0.30%	0%	0%	0%	—	0xad6...764bf7
WisdomTree Long Term Treasury Digital FundWTLGX	WisdomTree		$796,759 ▲	—	Distributed	U.S. Retail and Institutional Investor	37 ▲	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	Bank of New York Mellon Corporation 0000813905	—	0.05%	0%	0%	0%	—	8 Addresses
Nest Treasury VaultnTBILL	Nest		$650,831 ▼	3.46% ▼	Distributed	Non-U.S. Investor	32,612 ▼	Nest DAO LLC	Republic of the Marshall Islands	Non-Regulated	—	—	0%	0%	0%	0%	—	2 Addresses
ArCoinRCOIN	Securitize	Ethereum	$448,584 △	—	Distributed	U.S. and Global Retail	23 △	Arca U.S. Treasury Fund 0001758583	United States of America	U.S. Securities Act Form N-2 for Closed-end Funds SEC - U.S. Securities and Exchange Commission	UMB Bank, National Association 0000854729	1,000 USD	0.25%	0%	0%	0%	ARCA U.S. Treasury Fund Prospectus	0x252...a6bca9
Backed ZPR1 $ 1-3 Month T-BillbZPR1	Backed Finance		$286,930 ▼	—	Distributed	Non-U.S. Investor	2 △	Backed Assets (JE) Limited	Jersey, Channel Islands	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0%	0.20%	0.20%	0%	—	2 Addresses
USDT Money Market Fund V5 Yield VaultXMMF-USDT	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$279,058 ▼	2.27% ▼	Distributed	U.S. Qualified Purchaser+ 3 More	5 △	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	1,000 USDT	0.50%	0%	0%	0%	—	0x378...75e1a2
OpenTrade Flexible Term USD Vault (Ethereum)XTBT-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$65,826 ▲	3.87% ▲	Distributed	Accredited Investor	8 △	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 USDC	0.30%	0%	0%	0%	—	0x0f8...5af82a
USDC Money Market Fund V5 Yield Vault (Ethereum)XMMF-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$44,325 ▲	3.89% ▲	Distributed	Non-U.S. Investor+ 4 More	6 ▲	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDC	0.50%	0%	0%	0%	—	0x1e5...512ef6
WisdomTree Floating Rate Treasury Fund (Ondo Tokenized)USFRon	Ondo		$43,887 ▲	—	Distributed	Non-U.S. Investor	27 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
USDT Money Market Fund V5 Yield Vault (Ethereum)XMMF-USDT-ETH	OpenTrade (Perimeter Protocol)	Ethereum	$32,528 ▼	2.27% ▼	Distributed	U.S. Qualified Purchaser+ 4 More	4 △	OpenTrade SPC	Cayman Islands	Non-Regulated	J.P. Morgan 0000835271	0 USDT	0.50%	0%	0%	0%	—	0xd06...de1f4c
iShares 1-3 Year Treasury Bond ETF (Ondo Tokenized)SHYon	Ondo		$21,485 ▼	—	Distributed	Non-U.S. Investor	16 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
Swarm Shares $ Treasury Bond 0-1yr UCITS ETF (USD Acc)TBONDS01sw	Swarm		$13,581 ▲	—	Distributed	Non-U.S. Investor	2 ▼	SWARM X GmbH	Germany	MiFID II BaFin	—	—	0%	1.00%	1.00%	0%	—	7 Addresses
ChinaAMC USD Digital Money Market Fund Class B USDAMCASH+	Asseto		$10,046 ▲	—	Distributed	Non-U.S. Investor	1 △	Reale Assets Limited	British Virgin Islands	British Virgin Islands Securities and Investment Business Act FSC - British Virgin Islands Financial Services Commission	KUN International Digital Technology Limited (鯤(國際)數字科技有限公司)	100 USDC	0.40%	0%	0.30%	0%	—	2 Addresses
iShares 7-10 Year Treasury Bond ETF (Ondo Tokenized)IEFon	Ondo		$3,534 ▼	—	Distributed	Non-U.S. Investor	26 ▲	Ondo Global Markets (BVI) Limited	British Virgin Islands	U.S. Securities Act Reg. S Exemption SEC - U.S. Securities and Exchange Commission	Alpaca Securities LLC 0001702580	—	0%	0%	0%	0%	—	3 Addresses
OpenTrade FT Money Market Fund YieldXFTB	OpenTrade (Perimeter Protocol)	Avalanche C-Chain	$142 ▲	3.86% ▲	Distributed	Non-U.S. Accredited Investor	2 ▲	OpenTrade SPC	Cayman Islands	Non-Regulated	—	100 USDC	0.50%	0%	0%	0%	—	0x061...b46869
Adapt3r Short-Term U.S. Treasury Bill FundtfBILL	TrueFi	Ethereum	$1 △	—	Represented	Professional Investor	2 △	Adapt I LP 0002072411	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%	Adapt3r Short-Term US Treasury Fund Digital Docs	0xa1f...45d14c
Swarm iShares $ Treasury Bond 1-3yr UCITS ETFTBONDS13sw	Swarm		—	—	Distributed	Non-U.S. Investor	1 △	SWARM X GmbH	Germany	MiFID II BaFin	—	—	0%	1.00%	1.00%	0%	—	7 Addresses
Arca Institutional U.S. Treasury FundTFND	—		—	—	—	Accredited InvestorU.S. Qualified Purchaser	—	tZERO Securities, LLC 0001193821	United States of America	U.S. Securities Act Reg. D Exemption SEC - U.S. Securities and Exchange Commission	U.S. Bancorp 0000036104	100,000 USD	0.80%	0%	0%	0%	—	0 Addresses
Swarm iShares $ Treasury Bond 0-1yr UCITS ETFTBONDS01	Swarm	Polygon	—	—	Distributed	Non-U.S. Investor	16 △	SWARM X GmbH	Germany	Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority	ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27	0 USDC	0.20%	0.10%	0.10%	0%	Swarm ISHARES $ TREASURY BOND 0-1 YR ETF Final Terms	0xf4d...7d045f
Swarm iShares $ Treasury Bond 1-3yr UCITS ETFTBONDS13	Swarm	Polygon	—	—	Distributed	Non-U.S. Investor	27 △	SWARM X GmbH	Germany	Liechtenstein Blockchain Act FMA - Liechtenstein Financial Market Authority	ATG Azimut Treuhandgesellschaft mbH 894500XMIW753AA06R27	0 USDC	0.10%	0.10%	0.10%	0%	Swarm ISHARES $ TREASURY BOND 1-3 YR ETF Final Terms	0x60f...48d0f0
Fortunafi Tokenized Short-Term U.S. Bonds (U.S.)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%	—	0 Addresses
Fortunafi Tokenized Short-Term U.S. Bonds (International)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%	—	0 Addresses
Cash Management Pool (USDT)MPLcashUSDT	Maple	Ethereum	—	—	Represented	U.S. Accredited Investor	1 △	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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	0xf05...f6b536
Cash Management Pool (USDC-SPL)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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	0 Addresses
Cash Management Pool (USDC)MPLcashUSDC	Maple		—	—	Represented	U.S. Accredited Investor	5 △	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%	Protocol Pool Operations PTY Cash Management Pool Borrower Disclosure Memorandum	2 Addresses

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