
Tokenized Treasury Funds Approach $9 Billion Mark Amid Strong Onchain Demand

This week, tokenized Treasury funds have nearly reached the $9 billion milestone, experiencing a 0.94% increase over the past seven days due to steady onchain demand for yield-bearing government debt. According to data from rwa., the total value of the tokenized Treasury sector has risen to approximately $8.99 billion, supported by a slight uptick in weekly yields, with the average seven-day annual percentage yield (APY) at 3.71%.

The market now encompasses 60 active products and over 57,600 holders, demonstrating the rapid transition of blockchain-based access to U.S. government debt from a niche experiment to institutional-grade infrastructure. Tokenized Treasuries are digital representations of short-term U.S. government debt or money market funds issued and settled on blockchains.

ļø These funds allow investors to hold exposure to Treasuries in token form, enabling near-instant settlement, programmability, and compatibility with onchain financial applications. Demand has surged as investors seek dollar-based yield without leaving crypto rails, especially during periods when traditional finance (TradFi) fixed-income products are less accessible or slower to settle.

Ethereum continues to dominate the tokenized Treasury sectorās blockchain footprint, hosting approximately $4.9 billion in tokenized Treasury market capitalization. BNB Chain follows with about $1.8 billion, while Stellar accounts for roughly $603.6 million. Solana holds around $529.4 million, Aptos stands near $345.7 million, and Avalancheās C-Chain carries close to $193 million.

Rwa.ās data dashboard reveals a dynamic market with net flows over the past month indicating capital rotation rather than a wholesale retreat. Circleās USYC led inflows with roughly $266 million, followed by Superstateās USTB at $102 million and Libearaās ULTRA at $58 million. On the other hand, Securitizeās BUIDL recorded net outflows of about $684 million, signaling a shift in capital rather than a complete withdrawal.