{"id":587353,"date":"2026-04-10T01:00:03","date_gmt":"2026-04-10T05:00:03","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=587353"},"modified":"2026-04-09T22:48:46","modified_gmt":"2026-04-10T02:48:46","slug":"treasuries-and-yield-funds-is-this-the-next-phase-of-tokenization","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/treasuries-and-yield-funds-is-this-the-next-phase-of-tokenization\/","title":{"rendered":"Treasuries and yield funds –\u00a0Is this the next phase of tokenization?"},"content":{"rendered":"

Tokenized finance is one of crypto\u2019s most serious growth stories today. However, is this just another trend or the foundation of something new?<\/span><\/p>\n

AMBCrypto previously reported<\/a> that S&P Dow Jones Indices moved its iBoxx U.S. Treasuries Index on-chain via the Canton [CC] Network, one of the clearest steps forward. The move came as tokenized U.S Treasuries crossed $12.6 billion.<\/span><\/p>\n

BNB Chain\u2019s tokenized asset market cap at a record $16.6B<\/b><\/h3>\n

BNB Chain\u2019s tokenized asset market has expanded over the past year, reaching an all-time high of about $16.6 billion! According to\u00a0Token Terminal, that is more than 2x higher YoY, up from roughly $4 billion to $5 billion in early 2024.<\/p>\n

\"tokenization\"<\/a>
Source: Token Terminal<\/figcaption><\/figure>\n

Growth sped through 2025, with the market cap first pushing past $10 billion and then moving above $15 billion. Tether [USDT] still makes up the largest share of the stack, but a broader base is forming across names like USD Coin [USDC] and WLFi’s USD1.<\/p>\n

Growth is spread beyond the top 2<\/b><\/h2>\n

At press time, Tether still led issuance by a wide margin at $186.5 billion, while Circle followed at $80.0 billion. However, the faster growth is happening lower down the table.<\/p>\n

\"tokenization\"<\/a>
Source: X<\/figcaption><\/figure>\n

Over the last 30 days, Ondo Finance has expanded by 36.1% to $3 billion. Similarly, Maple Finance climbed by 25.4% to $2.8 billion and Centrifuge added 24.7% to reach $1.6 billion. Securitize also grew 14.2% to $2.7 billion.<\/p>\n

On the contrary, Tether\u2019s growth was nearly flat at -0.1%.<\/p>\n

Tokenized funds reach $31.9B as yield products take the lead<\/b><\/h2>\n

The tokenized funds market was at $31.9 billion at press time. Growth has been led by yield-oriented products, rather than plain cash proxies alone.<\/p>\n

\"\"<\/a>
Source: Token Terminal<\/figcaption><\/figure>\n

sUSDS was the largest fund at $6.1 billion, followed by sUSDe at $3.5 billion, USYC at $2.7 billion, and BUIDL at $2.4 billion. The next layer also appeared to be meaningful – syrupUSDC is at $1.8 billion, JTRSY at $1.2 billion, and PAPLO at $1.1 billion.<\/p>\n

It\u2019s not just stablecoins anymore. Income-bearing on-chain products are scaling fast!<\/p>\n

\n

Final Summary<\/strong><\/h2>\n
    \n
  • BNB Chain\u2019s tokenized asset market cap has reached a record $16.6 billion – 2x YoY!<\/em><\/li>\n
  • Tokenized funds climbed to $31.9 billion, with yield-bearing on-chain products in the lead.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    RWAs are at the center of crypto expansion.<\/p>\n","protected":false},"author":114,"featured_media":587361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[],"class_list":["post-587353","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nTreasuries and yield funds -\u00a0Is this the next phase of tokenization? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"BNB Chain\u2019s tokenized asset market has expanded over the past year, reaching an all-time high of about $16.6 billion! 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