Don’t opine.Measure.
Tokenization is mostly described by people selling it. We do not forecast. We read the instruments and show you the reading — sourced, timestamped, and reproducible.
- Tokenized treasury funds only
- 14.28 B
- Incl. cash equivalents, July 2026
- 26–28 B
- All RWA categories, DefiLlama, 2026-11-05
- 33.95 B
Three published figures, three different definitions. We use the narrow one and say why.
RWA Yield Board
Every tokenized treasury and money-market product we can verify. Each row carries its own source and collection date.
| Product | Issuer | Chain | AUM USD | Yield |
|---|---|---|---|---|
| USDY | Ondo Global Markets (BVI) Limited | Ethereum +11 | 2.39 B | 3.75 % |
| USYC | Circle International Bermuda Limited | Ethereum +3 | 2.24 B | 3.44 % |
| BUIDL | BlackRock Financial Management, Inc. | Ethereum +8 | 1.89 B | n/a |
| iBENJI | Franklin Advisers, Inc. | BNB Chain +1 | 1.71 B | n/a |
| WTGXX | WisdomTree Digital Management, Inc. | Ethereum +7 | 668 M | 3.72 % |
Three tools, built because they did not exist
Each answers a question a professional actually has to answer — with inputs you control and sources you can check.
Yield Board
Issuer, legal wrapper, chain, assets under management, yield, minimum, custodian. The reference table this market never had.
OPEN →Cost Calculator
Asset size and issuance route in. Structuring, custody, audit and running cost out — against a conventional issuance, with the break-even point.
CALIBRATE →Term Bridge
A two-way reference between traditional and on-chain vocabulary — including the false friends, where the obvious analogy is wrong.
LOOK UP →Tolga Güneysel
Editorial Lead · Tonotaco OÜ, Tallinn · Writes and reviews every reading published here